1. Short title This Act may be cited as the Disaster Assistance Risk Transfer Act of 2018 . 2. Risk transfer Title III of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5141 ) is amended by adding at the end the following: 328. Risk transfer (a) In general Not later than 90 days after the date of enactment of this section, the Administrator of the Federal Emergency Management Agency shall solicit proposals and may secure contracts from private entities providing insurance, reinsurance, or capital market investments to transfer a portion of the risk of assistance provided under any or all of sections 403, 404, 406, 407, 408, and 428, and of title V. (b) Treatment of funds The Administrator shall deposit any funds collected as the result of transfer of risk arrangements into the Disaster Relief Fund and such funds are available for any purpose for which such Fund may be used. (c) Report Not later than 18 months after the date of enactment of this section, the Administrator shall submit to Congress a report that— (1) provides a description of the proposals described in subsection (a) that the Administrator received; (2) assesses the proposals described in paragraph (1) with respect to the capacity of private reinsurance, capital, and financial markets to assist communities in managing the full range of financial risks associated with major disasters; (3) assesses whether the rates and terms of the proposals described in paragraph (1) are— (A) reasonable and appropriate; and (B) in an amount sufficient to ensure the Disaster Relief Fund has the resources necessary to respond to major disasters; (4) identifies the proposals, if any, that contain rates and terms that satisfy the requirements of subparagraphs (A) and (B) of paragraph (3)