This Act may be cited as the Wildfire Recovery Act.

(a) In general Section 420 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act is amended— (1) by redesignating subsection (e) as subsection (f); and (2) by inserting after subsection (d) the following: (e) Federal share The Federal share of assistance under this section shall be not less than 75 percent of the eligible cost of such assistance.. (b) Applicability The amendment made by subsection (a) shall only apply to amounts appropriated on or after the date of enactment of this Act.

Not later than 3 years after the date of enactment of this Act, the President, acting through the Administrator of the Federal Emergency Management Agency, shall conduct and complete a rulemaking to provide criteria for the circumstances under which the Administrator may recommend the President increase the Federal cost share for section 420 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5187U.S. Code — Title 42, Section 5187View official source on GovInfo). Such criteria shall include a threshold metric that assesses the financial impact to a State or local government from responding to a fire for which fire management assistance is being provided.

The Administrator of the Federal Emergency Management Agency shall update the policy for grants made under section 420 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5187U.S. Code — Title 42, Section 5187View official source on GovInfo), consistent with assistance provided under a major disaster and emergency declaration under such Act, to provide that predeployment of domestic assets by States, local, and Tribal governments may be eligible for reimbursement under such section 420.