119th Congress Emergency Management
H.R. 2836: FEMA Loan Interest Payment Relief Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Federal Emergency Management Agency (FEMA) to reimburse a local government or electric cooperative for interest paid on a loan used for emergency or disaster-related activities later paid for by FEMA assistance. The bill provides for similar reimbursement of interest to states for projects that are pending obligation.
The bill retroactively applies to interest incurred by a local government or electric cooperative in the nine years preceding enactment of the bill.
FEMA must reimburse states for loan interest for emergency or disaster-related projects that are pending obligation on the date of the bill’s enactment. FEMA must publish procedures for such reimbursement within 30 days after the bill’s enactment and states must apply within 60 days after publication of the procedures.
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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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Gus Bilirakis R-FLOriginal
- Troy Carter D-LAOriginal
- Byron Donalds R-FLOriginal
- Carlos Gimenez R-FLOriginal
- Clay Higgins R-LAOriginal
- Laurel Lee R-FLOriginal
- Barry Moore R-ALOriginal
- Cory Mills R-FLOriginal
- Jared Moskowitz D-FLOriginal
- Darren Soto D-FLOriginal
- Daniel Webster R-FLOriginal
- Aaron Bean R-FL
- C. Franklin R-FL
- W. Steube R-FL
- Katherine Cammack R-FL
- John Rutherford R-FL
- Hillary Scholten D-MI
- Mike Haridopolos R-FL
Who scored on this bill
- 1Neal Dunn SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Neal Dunn
History
- Introduced in the House by Neal Dunn.
Show the full action history (3 actions)
- Introduced in House
- Referred to the House Committee on Transportation and Infrastructure.
- Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.