H.R. 2672 · 118th Congress
FEMA Loan Interest Payment Relief Act
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 118th Congress ended.
34 cosponsors · 9 D, 25 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Apr 18, 2023
- House Passed Dec 9, 2024
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.
What it does: CRS summary · Reported to House · Dec 4, 2024
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: FEMA Loan Interest Payment Relief Act
Latest action (Dec 10, 2024): Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Policy area: Emergency Management · Origin: House · Introduced: Apr 18, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Apr 18, 2023
- House Passed Dec 9, 2024
No recorded floor vote found.