To establish a deficit-neutral reserve fund relating to requiring the obligation of amounts appropriated to the Federal Emergency Management Agency to carry out the public assistance and hazard mitigation programs.

This legislation creates a budgetary reserve fund specifically designed to ensure that the Federal Emergency Management Agency (FEMA) maintains consistent funding levels for its public assistance and hazard mitigation programs. By establishing this fund as deficit-neutral, the bill aims to prevent federal funding gaps that can occur during emergency responses or disaster recovery efforts. For Arlington residents, this move provides a layer of fiscal security, ensuring that federal support remains reliable when local communities need to rebuild critical infrastructure or mitigate risks from flooding and storm damage. By stabilizing these funding streams, the bill helps ensure that resources are available to help localities recover more efficiently following major disaster declarations without requiring emergency congressional appropriations after the fact.