This legislation directs the Comptroller General of the United States to conduct a comprehensive review of federal funding available for disasters stemming from water infrastructure failures, such as water main breaks. Within six months of the bill's enactment, this review will specifically examine the eligibility of states, localities, individuals, and small businesses for Federal Emergency Management Agency (FEMA) funding, considering scenarios both with and without an official emergency declaration. Upon completion, the Comptroller General must submit a detailed report to Congress. This report will include crucial recommendations for establishing federal-state partnerships to proactively identify areas most susceptible to future water infrastructure failures and propose strategies for Congress to provide funding aimed at mitigating these disasters by addressing the most vulnerable infrastructure.