S.Amdt. 725

1. Adds SEC. ___. DISASTER FUNDING at the end of the bill

   Adds a section

   In S. 1619 · Placed on Calendar Senate

   The Exchange Rates and International Economic Policy Coordination Act of 1988 (22 U.S.C. 5301 et seq.) is repealed.

   Inserted: SEC. ___. DISASTER FUNDING.

   Inserted: (a) Definitions.--Section 1101 of title 31, United States Code, is amended by adding at the end the following:

   Inserted: "(3) '10-year average disaster funding appropriation' means the annual average amount appropriated for disaster funding during the most recent 10 fiscal years before the date of the determination of the annual average amount (excluding the highest and lowest years), as determined by the Director of the Office of Management and Budget.

   Inserted: "(4) 'disaster funding'--

   Inserted: "(A) means funding provided under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.) for an emergency declared under section 501 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5191) or a major disaster declared under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170); and

   Inserted: "(B) includes funding provided under sections 304 and 420 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5147 and 5187).".

   Inserted: (b) Budget Contents.--Section 1105(a) of title 31, United States Code, is amended by adding at the end the following:

   Inserted: "(39) An allowance for disaster funding of at least the 10-year average disaster funding appropriation.".

   Inserted: (c) Rescission and Reports.--Section 1105 of title 31, United States Code, is amended by adding at the end the following:

   Inserted: "(i) On October 1 of the first fiscal year beginning after the date of enactment of this subsection, and each year thereafter, there are rescinded from the appropriations account appropriated under the heading 'disaster relief' under the heading 'Federal Emergency Management Agency' any unobligated balances in excess of the product obtained by multiplying the 10-year average disaster funding appropriation by 1.5.

   Inserted: "(j)(1) Not later than 10 days after the date on which the budget of the President for a fiscal year is submitted under subsection (a), and in order to increase accountability and transparency for disaster funding, the President shall submit to Congress a report delineating the amount of disaster funding requested, the necessity for providing the disaster funding, and justifications for the amount of disaster funding requested.

   Inserted: "(2) Not later than 1 day after the date on which the President submits a report under paragraph (1), the President shall publish the report in the Federal Register.".

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   Inserted: (d) Conforming Amendment to the BBEDCA.--Section 251(b)(2)(D) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901(b)(2)(D)) is amended by striking clause (iii) and inserting the following:

   Inserted: "(iii) For purposes of this subparagraph, the term 'disaster relief' shall have the same meaning given the term 'disaster funding' in section 1101 of title 31, United States Code.".

   Original wording

   At the end, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed