; (B) encourage regional innovation, innovative partnerships, and economic resilience strategies and outcomes that fund long-term capacity building and economic recovery; and (C) provide strategic capacity building resources, technical assistance, and flexible predevelopment support for resilient infrastructure project development that allows States and communities to accelerate the most critical State and community infrastructure needs; (14) grantees and applicants of the Assistance for Coal Communities program of the Economic Development Administration have expressed financial hardship with meeting all project predevelopment costs needed to be eligible for that program and to transition away from fossil fuel infrastructure; (15) the Infrastructure Investment and Jobs Act ( Public Law 117–58 ; 135 Stat. 429) makes a once-in-a-generation investment of $1,200,000,000,000 to rebuild and modernize the infrastructure of the United States; (16) Public Law 117–169 (136 Stat. 1818) (commonly known as the Inflation Reduction Act of 2022 ) includes an estimated $369,000,000,000 in appropriations and tax credits for climate-related and energy-related investments, the largest Federal climate change legislation to be enacted into law; and (17) Executive Order 14008 ( 42 U.S.C. 4321 note; relating to tackling the climate crisis at home and abroad), issued by President Biden on January 27, 2021, created the Justice40 Initiative to deliver 40 percent of climate-related investments to communities identified as disadvantaged . (b) Purpose Recognizing that pressing climate-resilient infrastructure needs differ by State and region, and that Federal program support for project predevelopment is limited or inflexible due to programmatic silos, the purpose of this Act is to establish new, flexible funding streams and expedited processes— (1) to accelerate timely, resilient infrastructure deployment, specifically in environmental justice communities; (2) to reduce taxpayer costs in response to disasters involving infrastructure