Sec. 3023. STUDY ON RISK REDUCTION

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## SEC. 3023 STUDY ON RISK REDUCTION ###

(a)In General Not later than 18 months after the date of enactment of this Act, the Secretary, in coordination with the Secretary of the Interior and the Secretary of Commerce, shall enter into an arrangement with the National Academy of Sciences to carry out a study and make recommendations relating to infrastructure and coastal restoration options for reducing risk to human life and property from extreme weather events, such as hurricanes, coastal storms, and inland flooding. ###

(b)Considerations The study under subsection

(a)shall include— ####

(1)an analysis of strategies and water resources projects, including authorized water resources projects that have not yet been constructed, and other projects implemented in the United States and worldwide to respond to risk associated with extreme weather events; ####

(2)an analysis of— #####

(A)historical extreme weather events; #####

(B)the ability of existing infrastructure to mitigate risks associated with extreme weather events; and #####

(C)the reduction in long-term costs and vulnerability to infrastructure through the use of resilient construction techniques; ####

(3)identification of proven, science-based approaches and mechanisms for ecosystem protection and identification of natural resources likely to have the greatest need for protection, restoration, and conservation so that the infrastructure and restoration projects can continue safeguarding the communities in, and sustaining the economy of, the United States; ####

(4)an estimation of the funding necessary to improve infrastructure in the United States to reduce risk associated with extreme weather events; ####

(5)an analysis of the adequacy of current funding sources and the identification of potential new funding sources to finance the necessary infrastructure improvements referred to in paragraph (3); and ####

(6)an analysis of the Federal, State, and local costs of natural disasters and the potential cost-savings associated with implementing mitigation measures. ###

(c)Coordination The National Academy of Sciences may cooperate with the National Academy of Public Administration to carry out 1 or more aspects of the study under subsection (a). ###

(d)Publication Not later than 30 days after completion of the study under subsection (a), the National Academy of Sciences shall— ####

(1)submit a copy of the study to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives; and ####

(2)make a copy of the study available on a publicly accessible Internet site.