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Global Catastrophic Risk Management Act of 2022

12/29/2022, 6:18 PM

Summary of Bill HR 8574

Bill 117 HR 8574, also known as the Global Catastrophic Risk Management Act of 2022, is a piece of legislation introduced in the US Congress aimed at addressing and mitigating global catastrophic risks. The bill focuses on establishing a framework for identifying, assessing, and managing risks that have the potential to cause severe harm to human civilization or the environment on a global scale.

The key provisions of the bill include the creation of a Global Catastrophic Risk Management Office within the Department of Homeland Security, tasked with coordinating efforts to monitor and respond to global catastrophic risks. The office would be responsible for conducting risk assessments, developing strategies for risk mitigation, and coordinating with international partners to address global threats.

Additionally, the bill calls for the establishment of a Global Catastrophic Risk Management Fund, which would provide funding for research, preparedness, and response efforts related to global catastrophic risks. The fund would support initiatives aimed at improving early warning systems, developing technologies to mitigate risks, and enhancing international cooperation on global risk management. Overall, the Global Catastrophic Risk Management Act of 2022 seeks to enhance the United States' ability to anticipate, prevent, and respond to global catastrophic risks, with the ultimate goal of safeguarding human civilization and the environment from existential threats. The bill represents a bipartisan effort to address the growing recognition of the need for proactive risk management in an increasingly interconnected and uncertain world.

Congressional Summary of HR 8574

Global Catastrophic Risk Management Act of 2022

This bill directs the President to establish an interagency committee on global catastrophic risk. Global catastrophic risk is defined as the risk of events or incidents consequential enough to significantly harm, set back, or destroy human civilization at the global scale.

The President must (1) conduct and submit to Congress a detailed assessment of global catastrophic and existential risk; and (2) produce a report on the adequacy of continuity of operations and continuity of government plans based on the assessed risk.

The President, with support from the committee, shall develop and submit a strategy to

  • provide for the basic needs of the civilian population that is impacted by catastrophic incidents in the United States;
  • coordinate response efforts with state and local governments, the private sector, and nonprofit organizations;
  • promote personal and local readiness and non-reliance on government relief during periods of heightened tension or after catastrophic incidents; and
  • develop international partnerships with allied nations for the provision of relief services and goods.

The President must issue a plan to implement and operationalize the strategy.

The Department of Homeland Security shall lead a national exercise to test and enhance the operationalization of the implementation plan.

The President must provide recommendations to Congress for (1) actions that should be taken to prepare the United States to implement the strategy, increase readiness, and address preparedness gaps; and (2) additional authorities that should be considered to more effectively implement the strategy.

Current Status of Bill HR 8574

Bill HR 8574 is currently in the status of Bill Introduced since July 28, 2022. Bill HR 8574 was introduced during Congress 117 and was introduced to the House on July 28, 2022.  Bill HR 8574's most recent activity was Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. as of July 29, 2022

Bipartisan Support of Bill HR 8574

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
2
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 8574

Primary Policy Focus

Emergency Management

Alternate Title(s) of Bill HR 8574

Global Catastrophic Risk Management Act of 2022
Global Catastrophic Risk Management Act of 2022
To establish an interagency committee on global catastrophic risk, and for other purposes.

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