FEMA Loan Interest Payment Relief Act
United States118th CongressHR-2672House of Representatives
Updated: Dec 10, 2024
Summary
FEMA Loan Interest Payment Relief Act This bill directs the Federal Emergency Management Agency (FEMA) to provide financial assistance to a local government or electric cooperative as reimbursement for interest paid on a loan used for emergency or disaster recovery activities later paid for by FEMA assistance. The interest that qualifies for reimbursement may not exceed the amount of interest that would have been paid if the loan's interest rate were equal to the most recent prime rate.
Bill texts
Timeline
Latest companion bill action
S-1180: FEMA Loan Interest Payment Relief ActRead twice and referred to the Committee on Homeland Security and Governmental Affairs.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6533)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6533)
House of Representatives
Motion to reconsider laid on the table Agreed to without objection.
House of Representatives
Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Senate