Budgeting for Disasters Act

Section 314(e)(2) of the Congressional Budget Act of 1974 (2 U.S.C. 645(e)(2)) is amended by striking three-fifths each place it appears and inserting two-thirds.

The amendments made by subsection (a) shall—

(1) take effect on the date of enactment of this Act; and

(2) apply with respect to fiscal year 2025, and each fiscal year thereafter.

In this section—

(1) the term designated as being for an emergency requirement, with respect to amounts appropriated, means that the amounts are designated as an emergency requirement pursuant to—

(A) section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901(b)(2)(A)(i)); or

(B) a provision of a concurrent resolution on the budget;

(2) the term designated as being for disaster relief, with respect to amounts appropriated, means that the amounts are designated as being for disaster relief pursuant to section 251(b)(2)(D) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901(b)(2)(D));

(3) the term emergency means an emergency declared by the President under section 501 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5191); and

(4) the term major disaster means a major disaster declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170).

Not later than 540 days after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report that—

(1) identifies amounts appropriated for each of fiscal years 2015 through 2024 that were—

(A) designated as being for an emergency requirement;

(B) designated as being for disaster relief; or

(C) made available to provide assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.);

(2) addresses—

(A) the definition of emergency requirements for purposes of appropriated amounts being designated as being for an emergency requirement;

(B) the time period during which recipients of appropriated amounts designated as being for an emergency requirement may obligate those amounts;

(C) any cost-sharing requirements relating to major disasters and emergencies for State, local, Tribal, and territorial governments; and

(D) forecasting and budgeting for disaster-related appropriations; and

(3) provides recommendations to—

(A) clarify the definition of emergency requirements for purposes of appropriated amounts being designated as being for an emergency requirement;

(B) implement an appropriate time limit for recipients to spend appropriated amounts that are designated as being for an emergency requirement;

(C) improve cost-sharing relating to major disasters and emergencies among Federal, State, and local governments; and

(D) improve forecasting and budgeting for appropriations for emergency requirements and disaster relief.