UPDATE: S.3418 – Safeguarding Tomorrow through Ongoing Risk Mitigation Act
LATEST ACTION:
BILL SUMMARY:
Safeguarding Tomorrow through Ongoing Risk Mitigation Act of 2020 or the STORM Act
This bill authorizes the
Such funds shall provide funding assistance to local governments to carry out projects to reduce disaster risk in order to decrease the loss of life and property, the cost of insurance claims, and federal disaster payments.
[NOTE: The contents of this legislative update are current as of
BILL NUMBER: 116th
CHAMBER OF ORIGIN:
CURRENT CHAMBER:
For DETAILED LEGISLATIVE INFORMATION on S.3418, visit: https://www.congress.gov/bill/116th-congress/senate-bill/3418
BILL TEXT: https://www.congress.gov/bill/116th-congress/senate-bill/3418/text
ACTIONS-TO-DATE (ordered by most recent first):
SPONSOR(S)*:
--
CO-SPONSOR(S)*:
[*Note: Sponsors and co-sponsors are current as of
--
--
--
--
--
COMMITTEES:
SUBJECTS: Accounting and auditing, Administrative law and regulatory procedures,



Research Results from University Indonesia Update Knowledge of Political Science (Disaster Response in Indonesia: Initiating Income Tax Policy Pro Disaster Mitigation)
IEEFA: AIA Too Important to Lag Global Insurers in Coal Investment, Divestment, and Exclusion
Advisor News
- Rising healthcare costs impact 401(k) accounts
- What advisors think about pooled employer plans, alternative investments
- AI, stablecoins and private market expansion may reshape financial services by 2030
- Cheers to summer, and planning for what comes next
- Why seniors fear spending their own retirement wealth
More Advisor NewsAnnuity News
- AuguStar Retirement launches StarStream Variable Annuity
- Prismic Life Announces Completion of Oversubscribed Capital Raise
- Guaranteed income streams help preserve assets later in retirement
- MassMutual turns 175, Marking Generations of Delivering on its Commitments
- ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
More Annuity NewsHealth/Employee Benefits News
- SEN. POORE EXPANDS COVERAGE FOR MENOPAUSE AND PERIMENOPAUSE CARE
- PA HOUSE FINANCE COMMITTEE ADDRESSES HEALTHCARE ACCESS AND AFFORDABILITY FOR WORKING PENNSYLVANIANS
- Providence to end most health insurance plans, forcing hundreds of thousands in Oregon to switch
- Flemington-Raritan Seeking Assistance From State Regarding Rising Health Insurance Costs
- Mandela Barnes proposes blocking use of AI to boost consumer prices
More Health/Employee Benefits NewsLife Insurance News
- Symetra Wins 2026 Shorty Award for ‘Plan Well, Play Well’ Social Media Campaign with Sue Bird
- Rehabilitator: PHL Variable liquidation payouts could exceed guaranty caps
- Fitch Ratings revises EquiTrust’s outlook to Negative
- AI, stablecoins and private market expansion may reshape financial services by 2030
- Transgender plaintiffs win preliminary victories in three gender-affirming care lawsuits
More Life Insurance News