H.R. 8701 · 116th Congress
FEMA Loan Interest Payment Relief Act
- Stage
- In committee
- Sponsor
- Neal Dunn
- Introduced
- 2020-10-30
- Latest action
- 2020-11-02 · Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Summary
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.