The bill H. R. 10314, known as the "National Resilience and Recovery Fund Act," aims to amend the Internal Revenue Code of 1986 to create a fund focused on national resilience and recovery. This fund will help finance various federal programs related to disaster mitigation...
Simple Explanation
The bill wants to make a new money-saving piggy bank called the "National Resilience and Recovery Fund" by collecting some extra pennies from big companies that drill oil and gas. This piggy bank would help pay for fixing things when storms and disasters happen, but people are concerned because they aren't sure exactly how it will all work or if it will be fair to everyone.