117-hr-5641117th CongressWALLET

SPEED Recovery Act

Sponsored By: Representative Graves, Sam [R-MO-6]

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Summary

Raises the small-project threshold to $1 million for streamlined disaster recovery. It lets more repair and rebuilding projects use simplified federal procedures and builds in regular oversight and an independent audit.

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  • Families and communities: More local repair and rebuilding projects can qualify for faster, simplified federal help because the cap rises from $35,000 to $1 million.
  • State and local governments and FEMA: More work in the $35,000 to $1 million range can move through streamlined assistance rules, reducing administrative burden on individual projects.
  • Congress and watchdogs: Requires the Secretary to review the threshold every three years and report recommendations to House and Senate committees, and orders an Inspector General audit and report within three years on any waste or abuse.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Faster disaster repairs up to $1M

If enacted, this bill would raise the small-project disaster grant threshold from $35,000 to $1,000,000. You would be able to use a faster, simplified process for repairs and rebuilding up to $1,000,000. The change would apply only to disaster funds Congress provides after the law is enacted. The bill would also require a written report to Congress on the change and direct an Inspector General audit within three years to check for waste or abuse.

Sponsors & CoSponsors

Sponsor

Graves, Sam [R-MO-6]

MO • R

Cosponsors

  • Rep. DeFazio, Peter A. [D-OR-4]

    OR • D

    Sponsored 10/20/2021

  • Rep. Webster, Daniel [R-FL-11]

    FL • R

    Sponsored 10/20/2021

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 10/20/2021

  • Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]

    PR • R

    Sponsored 10/21/2021

  • Rep. Graves, Garret [R-LA-6]

    LA • R

    Sponsored 10/27/2021

Roll Call Votes

All Roll Calls

Yes: 414 • No: 11

house vote • 4/5/2022

On Motion to Suspend the Rules and Pass, as Amended

Yes: 414 • No: 11

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