Bill
HR 10314
The National Resilience and Recovery Fund Act creates a federal fund to support disaster recovery, infrastructure upgrades, and preparedness for vulnerable communities.
The National Resilience and Recovery Fund Act (HR 10314) aims to establish a dedicated fund to enhance the nation's resilience against natural disasters and other emergencies. The bill seeks to provide financial resources to support recovery efforts, infrastructure improvements, and preparedness initiatives, thereby reducing the impact of future disasters on communities across the United States.
While the specific details of the provisions are not fully outlined in the current legislative text, the bill is expected to include the following key elements:
Creation of the National Resilience and Recovery Fund: This fund will be designed to allocate federal resources to state and local governments for disaster recovery and resilience projects.
Funding Allocation: The bill may specify how funds are to be distributed, potentially prioritizing areas most affected by recent disasters or those at high risk for future events.
Support for Infrastructure Improvements: The legislation is likely to include provisions for upgrading critical infrastructure to withstand natural disasters, including roads, bridges, and public utilities.
Preparedness Initiatives: The bill may also promote programs aimed at disaster preparedness education and training for communities.
The National Resilience and Recovery Fund Act would primarily impact:
State and Local Governments: These entities would be eligible to apply for funding to support their disaster recovery and resilience projects.
Communities at Risk: Residents in areas prone to natural disasters would benefit from improved infrastructure and preparedness initiatives funded by the act.
Emergency Management Agencies: These agencies would play a crucial role in implementing the programs and projects funded by the act.
Introduced Date: The bill was introduced in the House on December 5, 2024.
Committee Referrals: Upon introduction, HR 10314 was referred to the Committee on Ways and Means, as well as the Committees on Transportation and Infrastructure and Financial Services. Each committee will review the bill's provisions relevant to their jurisdiction.
Timeline for Consideration: The timeline for further consideration and potential amendments will be determined by the Speaker of the House.
The National Resilience and Recovery Fund Act represents a proactive approach to enhancing the United States' ability to respond to and recover from natural disasters. By establishing a dedicated fund, the bill aims to ensure that communities have the necessary resources to build resilience and improve preparedness, ultimately safeguarding lives and property. As the bill progresses through the legislative process, further details on funding levels and specific programmatic initiatives are anticipated.
Compiled from official sources — confirm details with the bill’s official record.
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