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.
About This Bill
Committee
Latest Action · November 2, 2020
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
FEMA Loan Interest Payment Relief Act
This bill directs the Federal Emergency Management Agency (FEMA) to reimburse local governments or electric cooperatives for interest expenses for loans pertaining to disaster relief.
Any qualifying interest incurred by a local government or electric cooperative in the five years preceding this bill's enactment shall be treated as eligible for financial assistance for purposes of this bill.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.