The 63-year-old star has joined Matthew Broderick and Annette Bening in the Ryan Murphy limited series, according to The Hollywood Reporter.
The 43rd president of the US was criticised for his handling of the aftermath of Hurricane Katrina.
"Katrina" is the network's second ACS installment following the 2016 true crime anthology TV series "The People v. O J Simpson".
Courtney B Vance, Sarah Paulson and Cuba Gooding Jr, all of whom appeared on "People v. O J", will also play a part in the new season, which is set to debut in 2018.
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