Promoting Flood Risk Mitigation Act
Official title: To require the Comptroller General of the United States to conduct a study regarding the buyout practices of the Federal Emergency Management Agency, and for other purposes.
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Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Promoting Flood Risk Mitigation Act
(Sec. 2) This bill directs the Government Accountability Office (GAO) to conduct a study to assess: (1) the efficacy of practices or programs under which the Federal Emergency Management Agency (FEMA) provides assistance to state and local governments to acquire flood-damaged properties committed to open space use in perpetuity (buyout practices), and (2) ways to streamline the buyout practices to provide more timely assistance.
The study must consider and analyze:
- current and future trends with respect to repetitive loss structures and severe repetitive loss structures that are insured under the National Flood Insurance Program;
- buyout practices, including the socioeconomic status of recipients of buyouts under buyout programs and examples of successful buyout programs, including best practices employed;
- administrative, financial, or temporal constraints that may impede the timely acquisition of properties under a buyout program;
- potential options, methods, and strategies to address such constraints;
- the ecological, financial, and flood risk reduction benefits that buyout practices provide;
- an assessment of how FEMA may use buyout programs to reduce future flood disaster recovery costs; and
- a cost-benefit analysis of mitigation and buy-out projects and programs.
The GAO shall submit to Congress and FEMA a report on the buyout practices study and the feasibility of FEMA establishing an alternative buyout program.
- Engrossed in House Formatted Text PDF Formatted XML
- Introduced in House Formatted Text PDF Formatted XML
- Referred in Senate Formatted Text PDF Formatted XML
- Reported in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5846: Promoting Flood Risk Mitigation Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-5846/
"H.R. 5846: Promoting Flood Risk Mitigation Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-5846/.
H.R. 5846, 115th Cong. (2026), https://openamerica.io/bill/115-HR-5846/.
[H.R. 5846: Promoting Flood Risk Mitigation Act](https://openamerica.io/bill/115-HR-5846/)