U.S. House hearing focuses on financial and safety benefits of investing in resilience and mitigation

The U.S. House Committee on Transportation and Infrastructure subcommittee on Economic Development, Public Buildings, and Emergency Management held a recent hearing — Building Smarter: The Benefits of Investing in Resilience and Mitigation — where members heard testimony from experts in emergency management, mitigation and resilience, insurance, and construction. Among the policy proposals being considered, Committee Chairman DeFazio (D-OR) voiced support for the recently reintroduced Disaster Savings and Resilient Construction Act (116th Congress – H.R. 7979), which would create a post-disaster tax credit for properties ($25,000 for commercial and $3,000 for residential) rebuilding to resilience standards consistent with the most recently published editions of the IBC, IRC, IWUIC and/or the ICC-600 Standard for Residential Construction in High-Wind Regions. Read more here.

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