PREPARE Act of 2023

Providing Resources for Emergency Preparedness And Resilient Enterprises Act of 2023 or the PREPARE Act of 2023

This bill reauthorizes through FY2028 a pre-disaster mitigation program, administered by the Small Business Administration, for disbursing economic injury disaster loans to small businesses for protection of real estate, equipment, inventory, supplies, and materials. The bill also increases the amount for loans to take mitigating actions to protect damaged or destroyed property from possible future disasters.

The PREPARE Act of 2023, also known as Bill 118 s 1370, is a piece of legislation introduced in the US Congress with the aim of enhancing the country's preparedness for natural disasters and other emergencies. The bill focuses on improving coordination and communication between federal, state, and local agencies, as well as increasing funding for disaster response and recovery efforts.

One key aspect of the PREPARE Act is the establishment of a National Disaster Response and Recovery Fund, which would provide additional resources to communities affected by disasters. This fund would help ensure that necessary supplies and personnel are readily available in the event of a crisis.

Additionally, the bill includes provisions for improving the resilience of critical infrastructure, such as power grids and transportation systems, to better withstand the impact of disasters. It also calls for the development of comprehensive emergency response plans at the federal, state, and local levels to ensure a coordinated and effective response to emergencies. Overall, the PREPARE Act of 2023 aims to strengthen the nation's ability to respond to and recover from disasters, with a focus on proactive planning and coordination. By investing in preparedness measures and improving response capabilities, the bill seeks to better protect communities and save lives in times of crisis.