Property Mitigation Assistance Act of 2007

A bill to establish a homeowner mitigation loan program within the Federal Emergency Management Agency to promote pre-disaster property mitigation measures.

11/8/2007--Introduced.
Property Mitigation Assistance Act of 2007 - Amends the Robert T. Stafford Disaster Assistance and Emergency Relief Act to direct the Administrator of the Federal Emergency Management Agency (FEMA) to establish a grant program to provide assistance to states to promote pre-disaster property mitigation measures within their jurisdictions.
Requires a state, to be eligible for assistance, to have:
(1) submitted a mitigation plan;
(2) established a process for accepting and processing grant and loan applications from individual homeowners and business owners;
(3) established a revolving loan fund to which any grant amounts received under this Act shall be deposited; and
(4) submitted a detailed plan for how terms and conditions for authorized loans and grants will be set.
Directs the Administrator to allocate grant amounts to eligible states according to a formula based on specified factors, including the nature and extent of potential hazards to property in the state, the number of properties at risk in the event that a hazard or natural disaster should occur, the amount of prior property damage incurred by the state during any previous hazard or natural disaster, and any available data on the future risk of occurrence of any hazard or natural disaster in a state.
Sets forth provisions regarding baseline amounts for eligible states and matching requirements. Authorizes each state to make grants or loans to assist individual homeowners and businesses in undertaking pre-disaster property mitigation measures from a revolving loan fund established under this Act.


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Sponsor

• Sen. Christopher Dodd [D, CT]

Committees

• Senate Homeland Security and Governmental Affairs

Amendments

This bill has no amendments.

Amendments to S.2328

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
November 08, 2007

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All Bill Actions

• Nov 08, 2007: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
• Introduced on Nov 08, 2007.

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Related Bills:

• H.R.6424

Related Issue Areas:

• Revolving funds
• Housing
• Grants-in-aid
• Government lending
• 3 more
• Disaster relief
• Budgets
• Emergency management

Data from the Congressional Research Service

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February 08, 2008 It's time to act, not to whine

... us what prices to sell our own medicines at (The McCain-Snowe-Dorgan S. 2328, Pharmaceutical Market Access and Drug Safety Act of 2004), and much worse. ...

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February 14, 2008 S.2328 Property Mitigation Assistance Act of 2007

A bill to establish a homeowner mitigation loan program within the Federal Emergency Management Agency to promote pre-disaster property mitigation measures.

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February 06, 2008 McCain’s Infamy 10x

The McCain-Snowe-Dorgan S. 2328, Pharmaceutical Market Access and Drug Safety Act of 2004.:. 2. Mccain-Feingold - The infamous assault on the First Amendment primarily and doggedly pursued by John McCain. 3. Mccain-Kennedy - The Amnesty ...

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February 05, 2008 Super Tuesday

The McCain-Snowe-Dorgan S. 2328, Pharmaceutical Market Access and Drug Safety Act of 2004.:. 2. Mccain-Feingold - The infamous assault on the First Amendment primarily and doggedly pursued by John McCain: Here is commentary from various ...

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