1. Short title This Act may be cited as the Resilience Revolving Loan Fund Act of 2019 . 2. Grants to entities for establishment of hazard mitigation revolving loan funds Title II of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5131 et seq.) is amended by adding at the end the following: 205. Grants to entities for establishment of hazard mitigation revolving loan funds (a) General authority (1) In general The Administrator may enter into agreements with eligible entities to make capitalization grants to such entities for the establishment of hazard mitigation revolving loan funds (referred to in this section as entity loan funds ) for providing funding assistance to local governments to carry out eligible projects under this section to reduce disaster risk in order to decrease— (A) the loss of life and property; (B) the cost of insurance claims; and (C) Federal disaster payments. (2) Agreements Any agreement entered into under this section shall require the participating entity to— (A) comply with the requirements of this section