S. 2775: Measuring the Cost of Disasters Act of 2025

This bill, known as the "Measuring the Cost of Disasters Act of 2025," aims to enhance public access to information regarding major disasters that have significant financial implications in the United States. Below are the key features of the bill:

Creation of a Disaster Database

The bill requires the National Oceanic and Atmospheric Administration (NOAA) to establish a public database and webpage to keep track of billion-dollar disasters. The information will be presented in an accessible manner, allowing the general public to stay informed about the impacts of such disasters.

Billion-Dollar Disaster Reporting

The database will specifically include:

• The estimated cost of each disaster.
• The type of disaster (e.g., hurricane, flood, wildfire).
• The location where the disaster occurred.
• The date or dates of the disaster.
• Any other relevant information deemed appropriate by the Administrator of NOAA.

Regular Updates

To ensure the information remains current, the bill mandates that the database and webpage be updated at least twice a year with new data as it becomes available.

Inclusion of Additional Disasters

While the focus is on billion-dollar disasters, the Administrator may include other significant disasters that do not meet the billion-dollar threshold if their inclusion is considered appropriate.

Data Sources and Collaboration

NOAA will utilize existing data and may collaborate with federal and non-federal partners to gather necessary information for the database. This collaboration may mirror past efforts when a similar database was operational from 1980 to 2024. Additionally, NOAA is tasked with maintaining the previous disaster database and making that historical information available for research and archival purposes.

Definition of Billion-Dollar Disaster

The bill defines a billion-dollar disaster as any storm or severe weather event that leads to at least $1,000,000,000 in direct and market-related costs, as assessed by the National Centers for Environmental Information.

Relevant Companies

None found