The bill would require federal agencies to incorporate disaster resilience into real property asset management and investment decisions. Specifically, the Office of Management and Budget would be required to establish guidance to direct all agencies to incorporate risk assessments, such as vulnerability assessments, into such decisions.
WHY WE LIKE IT
The federal government spends a significant amount of taxpayer dollars each year to plan, build, and maintain federal buildings and other federal assets. With flooding becoming more frequent and more severe, it makes smart financial sense to incorporate resiliency planning and disaster risk assessments into decision-making. Such a move would allow the federal government to make smart planning decisions, while saving taxpayer dollars.
