Wildfire Regulatory Relief Act of 2018

To amend the Food Security Act of 1985 to provide wildfire regulatory relief, to modify the evaluation of a major disaster declaration request, to provide regulatory relief for banks during major disasters, and for other purposes. 1. Short title This Act may be cited as the Wildfire Regulatory Relief Act of 2018 2. Use of land in a state of emergency Section 1233(b) of the Food Security Act of 1985 ( 16 U.S.C. 3833(b) (1) harvesting, grazing, or other commercial use of the forage, without any reduction in the rental rate, in response to— (A) drought; (B) flooding; (C) a state of emergency that— (i) is declared by the Governor of the State in which the land that is subject to a contract under the conservation reserve program is located; and (ii) covers any part of the State or the entire State; or (D) other emergency; . 3. Evaluating a major disaster declaration request Section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5170 (d) Consideration of requests (1) In general In evaluating a request for a declaration under this section, the President shall take into consideration any impacts of the disaster that— (A) will impede the recovery efforts of affected individuals or community; and (B) may not be addressed under disaster programs administered by the Federal Emergency Management Agency, but that are addressed by other disaster programs, such as the disaster loan program authorized under section 7(b) of the Small Business Act ( 15 U.S.C. 636(b) 7 U.S.C. 9081 (2) Agricultural fence lines (A) Definition In this paragraph, the term agricultural fence line (B) Consideration In considering the impacts of a disaster required to be considered under paragraph (1), the President shall consider the costs of replacing an agricultural fence line. . 4. Emergency management grants Section 662(b) of the Post-Katrina Emergency Management Reform Act of 2006 ( 6 U.S.C. 762(b) , including supporting joint interagency cooperation between State agencies responsible for responding to wildfires, hazards 5. Regulatory relief for banks during major disasters (a) Definitions In this section— (1) the terms appropriate Federal banking agency depository institution 12 U.S.C. 1813 (2) the term major disaster 42 U.S.C. 5122 (b) Requirement Not later than 15 days after the date on which the President declares a major disaster under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5170 (c) Contents Guidance issued under subsection (b) shall include instructions from the appropriate Federal banking agency or the Bureau of Consumer Financial Protection, as applicable, regarding— (1) extending repayment terms, adjusting existing loans, and easing terms for new loans, in accordance with prudent banking practices that involve appropriate monitoring; (2) providing relief from reporting and publishing requirements, including by accepting delayed filing and publishing of reports by depository institutions in areas affected by the major disaster or covered by the state of emergency, as applicable; (3) taking appropriate actions to stabilize investments in local government projects affected by the major disaster or covered by the state of emergency, as applicable; (4) promoting awareness of the eligibility of depository institutions for loans or investments made in areas affected by the major disaster or covered by the state of emergency, as applicable, under the Community Reinvestment Act of 1977 ( 12 U.S.C. 2901 (5) such other issues as determined appropriate by the appropriate Federal banking agency or the Bureau of Consumer Financial Protection, as applicable.

Summary: Wildfire Regulatory Relief Act of 2018 This bill amends the Food Security Act of 1985 to direct the Department of Agriculture to allow harvesting, grazing, or other commercial use of the forage on conservation reserve program lands when a governor declares a state of emergency. The bill amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act) to require the President, in evaluating a major disaster declaration request, to consider any impacts of the disaster that: (1) will impede the recovery efforts of affected individuals or the community; and (2) may not be addressed under disaster programs administered by the Federal Emergency Management Agency (FEMA) but are addressed by other disaster programs. The bill amends the Post-Katrina Emergency Management Reform Act of 2006 to require FEMA to include within the emergency management performance grants program grants supporting joint interagency cooperation between state agencies responsible for responding to wildfires. Not later than 15 days after the President declares a major disaster under the Stafford Act, or after a state of emergency is declared by a governor, the appropriate federal banking agencies and the Bureau of Consumer Financial Protection shall issue guidance to depository institutions located in the disaster area for reducing regulatory burdens for borrowers and communities to facilitate recovery from the disaster.