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New law creates voluntary preparedness standard for buildings.

A recently enacted law titled, "Improving America's Security Act," requires the Department of Homeland Security (DHS) to set up a program for certifying private sector entities as meeting a "voluntary" national standard for emergency preparedness. The law mandates the DHS adopt a voluntary private sector accreditation and certification standard to promote emergency preparedness. The DHS is expected to adopt the National Fire Protection Association (NFPA) 1600 Standard on Disaster/Emergency Management and Business Continuity Programs or a similar standard.

Although the new law is voluntary, it could potentially become the legal standard of care in the real estate industry. Most importantly, the standard may allow for the insurance and credit-rating industries to look closely at a company's compliance with the NFPA 1600 standard, or any other DHS selected standard in evaluating its insurability and creditworthiness.

IREM will request its membership review and comment on the DHS regulation which will implement H.R. 1. IREM opposes mandatory certification for real estate owners and managers for a fee.
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Title Annotation:insession
Comment:New law creates voluntary preparedness standard for buildings.(insession)
Publication:Journal of Property Management
Article Type:Brief article
Geographic Code:1USA
Date:Jan 1, 2008
Words:166
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