Title: Crumbling Foundations Small Business and Homeowners Assistance Act of 2018
Policy area: Housing and Community Development

Summary:
Crumbling Foundations Small Business and Homeowners Assistance Act of 2018
This bill requires the Federal Emergency Management Agency to award grants for states to assist homeowners, small-business owners, and condominium associations in preventing, mitigating, and repairing structural damage to concrete foundations that contain pyrrhotite (an iron sulfide mineral linked to crumbling foundations).

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2745 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 2745

   To establish a grant program to provide assistance to prevent and 
             repair damage to structures due to pyrrhotite.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 25, 2018

 Mr. Blumenthal (for himself and Mr. Murphy) introduced the following 
 bill; which was read twice and referred to the Committee on Banking, 
                       Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
   To establish a grant program to provide assistance to prevent and 
             repair damage to structures due to pyrrhotite.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Crumbling Foundations Small Business 
and Homeowners Assistance Act of 2018''.

SEC. 2. GRANT PROGRAM.

    (a) Definition.--In this section, the term ``Administrator'' means 
the Administrator of the Federal Emergency Management Agency.
    (b) Authorization.--The Administrator shall award grants to States 
to provide assistance to owners of small businesses, condominium 
associations, and homeowners located within the State to prevent, 
mitigate, and repair damage to structures that have sustained or may 
sustain damage due to concrete foundations that contain pyrrhotite.
    (c) Application.--A covered State desiring a grant under this 
section shall submit an application to the Administrator at such time, 
in such manner, and accompanied by such information as the 
Administrator may require.
    (d) Use of Funds.--A State receiving a grant under this section 
shall use grant funds to provide full or partial reimbursement to 
affected owners of small businesses, condominium associations, and 
homeowners for the costs of prevention, mitigation and repair of damage 
described in subsection (b).
    (e) Grant Amount and Duration.--
            (1) Amount.--Each grant awarded to a State under this 
        section in a fiscal year shall be in an amount of not more than 
        $20,000,000.
            (2) Duration.--A grant awarded under this section--
                    (A) shall be for a period of 5 years; and
                    (B) may be renewed for not more than 3 additional 
                periods.
    (f) Authorization of Appropriations.--There are authorized to be 
appropriated to carry out this section $20,000,000 for each of fiscal 
years 2019 through 2023.
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