S. 3510 would require the Office of Management and Budget (OMB) to provide guidance to federal agencies on how to incorporate natural disaster resilience into their asset management and investment decisions. OMB would be required to collaborate with the Government Accountability Office and the Federal Emergency Management Agency in that effort and to report to the Congress on the bill’s implementation.
Under current law, the Administration has issued orders and memorandums concerning natural disaster resilience in federal agencies’ management of property. As a result, CBO expects that the net budgetary effects of the required guidance would not be significant. Those effects include increased costs for OMB to develop the guidance and for federal agencies to comply, reduced costs for property repairs, and the cost of the required reports. Spending would be subject to the availability of appropriated funds.
Enacting S. 3510 could affect direct spending by some agencies that are allowed to use fees, receipts from the sale of goods, and other collections to cover operating costs. CBO estimates that any net changes in direct spending by those agencies would be negligible because most of them can adjust amounts collected to reflect changes in operating costs.
