Continuance of the Federal Emergency Management Agency Review Council (Trump EO Tracker)

Extends the Federal Emergency Management Agency (FEMA) Review Council through March 25, 2026, and continues the interagency body established to assess FEMA's structure, performance and disaster response capabilities. Assigns the Secretary of Homeland Security responsibility for administering the Council under the Federal Advisory Committee Act (P.L. 92-463) while preserving existing agency authorities, budgetary controls and legal limitations.

Directs federal agencies to restrict the sale, financing, insurance, guarantees, securitization, and disposition of single-family homes to large institutional investors, prioritize sales to individual owner-occupants, require greater ownership disclosure in federal housing programs, intensify antitrust scrutiny of large-scale housing acquisitions, and develop legislation to codify limits on institutional ownership of single-family homes. 

Establishes a second Presidential Emergency Board under the Railway Labor Act to investigate unresolved labor disputes between the Long Island Rail Road Company and multiple railroad labor unions. Directs the Board to review final settlement offers and submit a binding recommendation to the President while requiring both parties to maintain current working conditions during the process. 

Authorizes the Department of War (DOW) to identify underperforming defense contractors and restrict stock buybacks, dividends, executive compensation practices, and certain advocacy benefits until contractors demonstrate sufficient performance, investment, and production capacity, using existing statutory and contractual enforcement tools when necessary.