FEMA Reform Act of 2012

[AI summary unavailable — showing source text] FEMA Reform Act of 2012 - Requires: (1) 50% of the amount estimated for a preliminary damage assessment by the Federal Emergency Management Agency (FEMA) for any state or local government to be released to such government not later than three days after such assessment is completed, and (2) hazard mitigation funding for a state under the Robert T. Stafford Disaster Relief and Emergency Assistance Act to be disseminated within areas of the state in proportion to the damage of a major disaster in such areas. Permits the President, in addition to authorizing the repair, restoration, or replacement of federal facilities damaged by a major disaster, to make contributions to a state or local government to repair, restore, or replace vehicles and equipment, particularly those used for public safety, transportation, and service. Allows the actual cash value of such a vehicle or equipment that is more than 50% damaged to be used to replace it. Authorizes the President to provide financial assistance under the Stafford Act to repair permanent structures, including rental units, necessary for temporary or transitional housing in areas affected by a major disaster. Requires: (1) FEMA to establ…