This bill directs the Comptroller General of the United States to conduct a comprehensive study on the feasibility of establishing a federal buyout program for homeowners in areas prone to catastrophic wildfires . The study will analyze how federal grant programs could be utilized to purchase properties from willing homeowners, both proactively before a disaster and reactively after one. It also requires the Comptroller General to compile recommendations for developing a national database of existing federal property buyouts and improving information exchange between FEMA and HUD regarding ongoing buyout processes. Furthermore, the study must compare a potential new wildfire buyout program with existing disaster buyout initiatives, such as those for floodplains, and recommend which federal entity should administer it. It will also provide crucial land use recommendations for properties acquired through buyouts, focusing on strategies to reduce future wildfire risks and protect lives and property. The Comptroller General is also tasked with defining key terms, analyzing the program's economic impacts and costs, and submitting a detailed report to Congress within 12 months.