1. Short title This Act may be cited as the Preventing Our Next Natural Disaster Act . 2. Definitions Section 203(a) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5133(a) ) is amended to read as follows: (a) Definitions In this section, the following definitions apply: (1) High hazard risk The term high hazard risk means high rating of a natural hazard risk according to a tool such as the National Risk Index or another tool developed by the Federal Emergency Management Agency. (2) Environmental justice community The term environmental justice community means a community primarily composed of communities of color, low-income communities, or Tribal and indigenous communities, that experiences, or is at risk of experiencing, higher or more adverse human health or environmental effects than most communities. (3) Small impoverished community The term small impoverished community means a community that is comprised of 50,000 or fewer individuals and that is economically disadvantaged, as determined by the State in which the community is located and based on criteria established by the President. . 3. Technical assistance Section 203(e) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5133(e) ) is amended by adding at the end the following: (3) Guidance The Administrator may develop guidance regarding how to incorporate climate change into— (A) the National Risk Index; (B) cost-benefit analyses; and (C) adopting improved relevant consensus-based codes, specifications, and standards to address natural hazards. (4) Building, restoration, or rehabilitation The Administrator may issue guidance to ensure that funds provided under this section are used to support the building, restoration, or rehabilitation of hazard mitigation projects that are— (A) planned and designed around the future projections of climate change over the life cycle of the project