Federal Register - May 25, 2021
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Source: Federal Register
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Federal Register / Vol. 86, No. 99 / Tuesday, May 25, 2021 / Presidential Documents that projects funded with taxpayer dollars last as long as intended. Subsequently, the order was revoked by Executive Order 13807 of August 15, 2017 Establishing Discipline and Accountability in the Environmental Review and Permitting Process for Infrastructure Projects. Executive Order 13690 is hereby reinstated, thereby reestablishing the FFRMS. The Guidelines for Implementing Executive Order 11988, Floodplain Management, and Executive Order 13690, Establishing a Federal Flood Risk Management Standard and a Process for Further Soliciting and Considering Stakeholder Input of October 8, 2015, were never revoked and thus remain in effect.
Sec. 6. Long-Term Budget Outlook. The Federal Government has broad exposure to increased costs and lost revenue as a result of the impacts of unmitigated climate change. In furtherance of the policy set forth in section 1 of this order and consistent with applicable law and subject to the availability of appropriations:
a The Director of OMB, in consultation with the Secretary of the Treasury, the Chair of the Council of Economic Advisers, the Director of the National Economic Council, and the National Climate Advisor, shall identify the primary sources of Federal climate-related financial risk exposure and develop methodologies to quantify climate risk within the economic assumptions and the long-term budget projections of the Presidents Budget;
b The Director of OMB and the Chair of the Council of Economic Advisers, in consultation with the Director of the National Economic Council, the National Climate Advisor, and the heads of other agencies as appropriate, shall develop and publish annually, within the Presidents Budget, an assessment of the Federal Governments climate risk exposure; and c The Director of OMB shall improve the accounting of climate-related Federal expenditures, where appropriate, and reduce the Federal Governments long-term fiscal exposure to climate-related financial risk through formulation of the Presidents Budget and oversight of budget execution.
Sec. 7. General Provisions. a Nothing in this order shall be construed to impair or otherwise affect:
i the authority granted by law to an executive department or agency, or the head thereof; or
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ii the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
b This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
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