; and (2) academic institutions engaged in relevant work and research. (d) Study requirements Not later than 120 days after the date of enactment of this Act, the National Advisory Council shall convene to evaluate disaster costs and losses and Federal disaster assistance, including consideration of the following: (1) Trends and contributing factors An assessment of trends, and factors contributing to such trends (such as shifting demographics and aging infrastructure), in disaster costs and losses and Federal disaster assistance, including the following: (A) Loss of life and injury. (B) Property damage and other costs to individuals, the private sector, and each level of government. (C) Presidentially declared disasters. (D) Disaster assistance available from all Federal sources. (2) Disaster roles and responsibility Fundamental principles that drive national disaster assistance decision making, including the appropriate roles for each level of government, the private sector, and individuals. (e) Recommendations The National Advisory Council shall develop recommendations to reduce disaster costs and losses in the United States and to more efficiently and effectively deliver Federal disaster assistance, including consideration of the following: (1) Actions to enhance national disaster assistance decision making. (2) Incentives, including tax incentives, to reduce disaster costs and losses and promote a more efficient and effective use of Federal disaster assistance. (3) Mechanisms to promote disaster cost and loss reduction, mitigation, and resiliency. (4) Legislative proposals, including proposals for implementing the recommendations in the report compiled pursuant to the requirement in section 1111 of the Sandy Recovery Improvement Act of 2013 ( Public Law 113–2