S. 2399 establishes a federal payment program to help timber harvesting and timber hauling businesses recover from revenue losses caused by major disasters, including natural disasters and insect infestations. Eligible businesses that experience at least a 10 percent drop in gross revenue during any 30-day period or calendar quarter compared to the same period in the previous year can receive payments equal to 10 percent of their lost revenues, which must be used for operating expenses. The bill authorizes $50 million annually for fiscal years 2025 through 2029 to fund these payments, which will be administered by the Department of Agriculture's Farm Service Agency. The Secretary must submit annual reports to Congress detailing recipients and payment amounts, and regulations implementing the program are due within 30 days of the bill's enactment.
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