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Flood Resiliency and Taxpayer Savings Act 2021

This act aims to protect taxpayer money and strengthen the nation's resilience against floods. It requires federal agencies to assess flood risks for federally funded projects, preventing losses and ensuring investments are flood-resistant. This will reduce the need for disaster recovery funds and maintain essential services during floods.
Key points
All federally funded projects must be evaluated for flood risk throughout their lifespan.
Agencies must consider future conditions, like climate change and sea level rise, when planning projects.
Critical projects (e.g., hospitals, roads) will require higher flood resilience standards to ensure service continuity.
Investing in flood protection solutions is expected to save money in the future by reducing disaster recovery costs.
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Additional Information
Print number: 117_HR_481
Sponsor: Rep. Price, David E. [D-NC-4]
Process start date: 2021-01-25