FEMA Loan Interest Payment Relief Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2836 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2836 To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide for the authority to reimburse local governments or electric cooperatives for interest expenses, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 10, 2025 Mr. Dunn of Florida (for himself, Mr. Soto, Ms. Lee of Florida, Mr. Carter of Louisiana, Mr. Higgins of Louisiana, Mr. Moore of Alabama, Mr. Webster of Florida, Mr. Gimenez, Mr. Bilirakis, Mr. Moskowitz, Mr. Donalds, and Mr. Mills) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure _______________________________________________________________________ A BILL To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide for the authority to reimburse local governments or electric cooperatives for interest expenses, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``FEMA Loan Interest Payment Relief Act''. SEC. 2. REIMBURSEMENT OF INTEREST PAYMENTS RELATED TO PUBLIC ASSISTANCE. (a) In General.--Title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170 et seq.) is amended by adding at the end the following: ``SEC. 431. REIMBURSEMENT OF INTEREST PAYMENTS RELATED TO PUBLIC ASSISTANCE. ``(a) In General.--The President, acting through the Administrator of the Federal Emergency Management Agency, shall provide financial assistance to a local government or electric cooperative as reimbursement for qualifying interest. ``(b) Definitions.-- ``(1) In general.--In this section, the following definitions apply: ``(A) Qualifying interest.--The te