The bipartisan PREPARE Act bill calls upon federal agencies to take a leading role in planning for extreme weather events. Extreme weather events are complex, crosscutting problems that pose risks to many economic and environmental systems—including agriculture, infrastructure, ecosystems, and human health—and present a significant financial risk to the federal government. In fact, for the first time the GAO has placed the threats posed by extreme weather in its 2013 High Risk List, an accounting of the most pressing fiscal exposures the federal government faces. Marstel-Day Senior Attorney/Analyst, Shannon Shy, participated on a panel discussion hosted by the bill’s author Congressman Matt Cartwright (D-PA) earlier in July on Capitol Hill to discuss the need for the bill and the important role small businesses can take in planning efforts.
Download the PREPARE Act – Section by Section Summary: