HR 8701 · 116th Congress · Emergency Management

FEMA Loan Interest Payment Relief Act

Introduced 2020-10-30· Sponsored by Rep. Dunn, Neal P. [R-FL-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.(2020-11-02)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans
Rep. Soto, Darren [D-FL-9]FL
Rep. Graves, Garret [R-LA-6]LA
Rep. Rutherford, John H. [R-FL-4]FL