The bill would require the Comptroller General to study whether federal grant programs could buy property from homeowners who choose to sell in areas at risk of or affected by catastrophic wildfires. The study would review existing disaster buyouts, recommend how agencies could share information, and consider how a wildfire buyout program might work. It would also examine land use after a buyout, eligibility rules, and ways to encourage homeowners to participate. The Comptroller General would report findings and recommendations to Congress within 12 months of enactment. The bill does not itself create a buyout program.
The bill would not provide homeowners with buyouts or other direct assistance. It would require a study of a possible future program for homeowners who voluntarily sell property in high-risk or wildfire-affected areas.
The bill does not specify funding for a buyout program. The required report would analyze the possible program’s economic impacts and cost to the federal government.
No publicly available information.
No publicly available information.