The "Helping Eliminate Limitations for Prompt Response and Recovery Act" aims to streamline Department of Homeland Security operations by repealing an outdated provision within the Post-Katrina Emergency Management Reform Act of 2006. Specifically, it strikes section 695, which previously outlined certain requirements for DHS contracting for goods and services, including those related to disaster relief. To ensure accountability and monitor the impact of this change, the bill establishes new reporting obligations for the Secretary of Homeland Security. Beginning 540 days after enactment and continuing annually for five years, the Secretary must submit reports to Congress. These reports are required to review how the repeal has prevented waste, fraud, and abuse and promoted taxpayer savings . Furthermore, the reports must provide detailed information on contracts entered into or extended by the Administrator of the Federal Emergency Management Agency under urgent and compelling circumstances where bids were not solicited. This includes the number of such contracts, their subject, obligated amounts, the benefiting state, and the specific major disaster or emergency for which each contract was made.