FEMA Review Council releases final report recommending 50/50 cost share and state devolution

The FEMA Review Council released its final report on May 7, 2026, recommending the most significant restructuring of federal disaster assistance since 1979. Key proposals included raising the per capita indicator threshold for disaster declarations, changing the federal-state cost share from 75/25 to 50/50 for states that do not meet preparedness criteria, replacing damage assessments with parametric funding triggers, and privatizing the National Flood Insurance Program. The council stated a preference for congressional legislation over executive action.