or de minimis expenditure that would allow for expe-
dited review. 
(5) CONSULTATION.—In developing such guide-
lines, the Federal Interagency Floodplain Manage-
ment Task Force shall consult with States, localities, 
Indian tribes, and other relevant stakeholders 
through listening sessions and may issue final guide-
lines only after an opportunity for public review and 
comment. 
(6) REPORT TO CONGRESS.— 
(A) REQUIREMENT.—Not later than the 
expiration of the 2-year period beginning on the 
date of the enactment of this Act and not less 
often than annually thereafter, the Federal 
Interagency 
Floodplain 
Management 
Task 
Force shall submit a report to the Committees 
on Transportation and Infrastructure and Fi-
nancial Services of the House of Representa-
tives and the Committees on Homeland Secu-
rity and Governmental Affairs and Banking, 
Housing, and Urban Affairs of the Senate re-
garding compliance by agencies with the re-
quirements of this Act. 
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(B) CONTENTS.—Each report submitted 
pursuant to subparagraph (A) shall include in-
formation sufficient to describe— 
(i) the number, types, and outcomes 
of reviews conducted by individual agen-
cies; 
(ii) any rulemakings, or policy or pro-
cedural changes made by agencies to en-
sure compliance with this Act; and 
(iii) any recommendations of the Fed-
eral Interagency Floodplain Management 
Task Force regarding improvements to en-
hance resilience from flooding and steward 
Federal resources. 
(e) DEFINITIONS.—In this section: 
(1) ADMINISTRATOR.—The term ‘‘Adminis-
trator’’ means the Administrator of the Federal 
Emergency Management Agency. 
(2) AGENCY.—The term ‘‘agency’’ has the 
meaning given such term in Executive Order 11988 
(42 Fed. Reg. 26951; relating to floodplain manage-
ment), except that such term does not include any 
military department other than the Army Corps of 
Engineers. 
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(3) CRITICAL.—The term ‘‘critical’’ means, 
with respect to a project of an agency, any project 
with respect to which the head of the agency deter-
mines that a slight chance of flooding would present 
an unacceptable amount of risk, as such term is de-
fined in section 9.4 of title 44, Code of Federal Reg-
ulations. 
(4) FEDERALLY FUNDED PROJECT.—The term 
‘‘federally funded project’’ means a project for which 
Federal funds are used for purposes of managing, 
acquiring, or disposing of Federal lands or assets 
and, with respect to a structure or facility, for new 
construction, for substantial improvement, or to ad-
dress substantial damage. Such term does not in-
clude the making, insuring, guaranteeing, or 
securitizing of residential mortgage loans for single- 
family or multifamily housing. 
(5) FEDERAL INTERAGENCY FLOODPLAIN MAN-
AGEMENT TASK FORCE.—The term ‘‘Federal Inter-
agency Floodplain Management Task Force’’ means 
the interagency body that— 
(A) was established in 1975; 
(B) has been responsible for preparing re-
ports and guidance for a comprehensive, coordi-
nated approach to floodplain management; 
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(C) is chaired by the Federal Emergency 
Management Agency; and 
(D) includes membership from multiple 
agencies, including the Army Corps of Engi-
neers, the Department of Agriculture, the De-
partment of Housing and Urban Development, 
and the Department of Commerce. 
(6) RESILIENCE.—The term ‘‘resilience’’ means 
the ability to anticipate, prepare for, and adapt to 
changing conditions and withstand and rapidly re-
cover from disruption due to emergencies. 
(7) SUBSTANTIAL IMPROVEMENT; SUBSTANTIAL 
DAMAGE.—The terms ‘‘substantial improvement’’ 
and ‘‘substantial damage’’ mean substantial im-
provement and substantial damage, respectively, to 
the extent described in section 1307(a)(2)(E) of the 
National Flood Insurance Act of 1968 (42 U.S.C. 
4014(a)(2)(E)). 
(f) APPLICABILITY.—This Act shall not apply to any 
federally funded project that has been reviewed for compli-
ance with Executive Order 11988 and approved by the ap-
propriate agency before the date of the enactment of this 
Act. 
Æ 
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