Hazard and Flooding Mitigation Funding Assurance Act

Hazard and Flooding Mitigation Funding Assurance Act

This bill makes changes to eligibility under the hazard mitigation grant program of the Federal Emergency Management Agency (FEMA) to include mitigating and preventing post-wildfire flooding and debris flow.

Specifically, the bill requires the federal share of hazard mitigation assistance for mitigating and preventing post-wildfire flooding and debris flow to be not less than 75% of the cost and permits the President to contribute 100% of the cost (currently, the President may contribute up to 75% of the cost).

Bill 118 s 485, also known as the Hazard and Flooding Mitigation Funding Assurance Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to provide funding assurance for hazard and flooding mitigation projects across the country.

The bill aims to allocate resources to help communities prepare for and respond to natural disasters such as hurricanes, floods, and wildfires. It seeks to ensure that adequate funding is available for these projects, which are crucial for protecting lives and property in the face of increasingly severe weather events.

If passed, the Hazard and Flooding Mitigation Funding Assurance Act would establish a dedicated fund for hazard and flooding mitigation efforts, providing a reliable source of funding for these important projects. The bill also includes provisions for monitoring and evaluating the effectiveness of these mitigation efforts, to ensure that taxpayer dollars are being used efficiently and effectively. Overall, the Hazard and Flooding Mitigation Funding Assurance Act represents a bipartisan effort to address the growing threat of natural disasters and to protect communities across the country from the devastating impacts of these events. It is currently under review in Congress, where lawmakers are considering its potential impact and feasibility.