NABL Releases Disaster Recovery Bond Financing Paper
NABL has released a summary of policy ideas for consideration by Congress as it relates to responses to major disasters. These suggestions are based on legislation previously adopted by Congress in response to 9/11, Hurricane Katrina, and the 2008 Midwest floods. As a follow up to the release of this paper, NABL has offered its assistance to the Congress of the United States, the United States Department of Treasury ("Treasury") and the Internal Revenue Service in considering the burdens and benefits of specific legislative proposals as a first step to creating comprehensive, permanent disaster recovery legislation.
You can find the document here.