Action: Executive Order “Achieving Efficiency Through State and Local Preparedness” What it does: The Order states that “Federal policy must rightly recognize that preparedness is most effectively owned and managed at the State, local, and even individual levels, supported by a competent, accessible, and efficient Federal Government”—a change from the Federal Emergency Management Agency (FEMA) taking the lead in most disaster response. It seeks to reduce the complexity of disaster response and better meet the citizens’ needs by enabling state and local governments to better understand and prepare for disaster events through streamlining Federal preparedness and response policies. In another area, risk management, the Order directs National Security Advisor Michael Waltz to launch a National Resilience Strategy “that articulates the priorities, means, and ways to advance the resilience of the Nation” within 90 days. It also establishes a National Risk Register “that identifies, articulates, and quantifies natural and malign risks to our national infrastructure, related systems, and their users” to inform the intelligence community, private sector investments, state investments, and Federal budget priorities. Key Insights
Business Implications of the State of the Union
February 25, 2026
CBO Releases Negative Fiscal Outlook for 2026-2036
February 17, 2026
EPA Repeals “Endangerment Finding” on Greenhouse Gas Emissions
February 17, 2026
Department of Homeland Security Shutdown
February 16, 2026
FTC Settlement Affects Drug Pricing Practices and Reshoring
February 12, 2026
Japanese Election Promises Greater Political Stability
February 10, 2026