Bill
Bill > S3418
summary
Introduced
03/09/2020
03/09/2020
In Committee
03/11/2020
03/11/2020
Crossed Over
12/14/2020
12/14/2020
Passed
12/21/2020
12/21/2020
Dead
Signed/Enacted/Adopted
01/01/2021
01/01/2021
Introduced Session
116th Congress
Bill Summary
Authorizes the Federal Emergency Management Agency (FEMA) to enter into agreements with any state or Indian tribal government to make capitalization grants for the establishment of hazard mitigation revolving loan funds. Such funds shall provide funding assistance to local governments to carry out projects to reduce disaster risk in order to decrease the loss of life and property, the cost of insurance claims, and federal disaster payments. FEMA shall not be liable for any claim based on the exercise or performance of, or the failure to exercise or perform, a discretionary function or duty by FEMA or by a FEMA employee in carrying out this bill.
AI Summary
This bill, the Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Act, authorizes the Federal Emergency Management Agency (FEMA) to enter into agreements with states and Indian tribal governments to provide capitalization grants for the establishment of hazard mitigation revolving loan funds. These funds will provide financial assistance to local governments to carry out projects that reduce disaster risks, such as mitigating the impacts of natural hazards like drought, severe storms, wildfires, and flooding. The bill also allows the use of these funds for zoning and land use planning changes that promote resilient development, and for establishing and enforcing building codes to protect against disasters and natural hazards.
Committee Categories
Military Affairs and Security
Sponsors (6)
Gary Peters (D)*,
Ron Johnson (R),
Amy Klobuchar (D),
James Lankford (R),
Chuck Schumer (D),
Debbie Stabenow (D),
Last Action
Became Public Law No: 116-284. (on 01/01/2021)
Official Document
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