Community Disaster Loan Equity Act of 2005

Fact Sheet API

Bill Number

HR 4012

Introduced

Oct 7, 2005

Latest Action

Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

Sponsor

Cosponsors

Topics

Collection of accounts Disaster loans Disaster relief Economics and Public Finance Emergency Management Federal-local relations Federal-state relations Finance and Financial Sector Government lending Government Operations and Politics Hurricane aftermath legislation Income tax Interest Intergovernmental fiscal relations Local finance Local taxation State finance State taxation Taxation

Full Text

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Votes

Summary

Community Disaster Loan Equity Act of 2005 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to authorize the President to make community disaster loans to state governments. Eliminates the $5 million limit on such a loan, and prohibits the President from requiring its repayment, if the state or local government receiving it may suffer a substantial loss of tax and other revenues as a result of a major disaster determined to be an incident of national significance.

Applies this Act to any major disaster occurring on or after August 24, 2005.

Actions

Oct 11, 2005

Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Oct 7, 2005

Referred to the House Committee on Transportation and Infrastructure.
Oct 7, 2005

Sponsor introductory remarks on measure. (CR H8796, E2055)
Oct 7, 2005

Introduced in House

Amendments

Related Bills