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HR 2836119th CongressIntroduced
FEMA Loan Interest Payment Relief Act
Introduced: Oct 18, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Amends the Stafford Act to authorize FEMA to reimburse local governments and electric cooperatives for interest expenses on disaster-related loans.
Key Points
- 1Authorizes reimbursement of qualifying interest on loans used for disaster recovery
- 2Defines qualifying interest as lesser of actual interest paid or prime rate interest
- 3Requires 90% of loan proceeds to fund disaster assistance activities
- 4Covers interest incurred up to 9 years before enactment
- 5Requires establishment of alternative reimbursement procedures within 30 days
- 6Mandates reimbursement within 1 year of enactment
Impact Areas
Local governmentsElectric cooperativesFEMADisaster recovery financingMunicipal bonds and loansEmergency management
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