FEMA Loan Interest Payment Relief Act

Fact Sheet API

Bill Number

HR 8701

Introduced

Oct 30, 2020

Latest Action

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

Sponsor

Cosponsors

Topics

Disaster relief and insurance Emergency Management Government lending and loan guarantees Interest, dividends, interest rates Public utilities and utility rates State and local finance State and local government operations

Full Text

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Votes

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.

Actions

Nov 2, 2020

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Oct 30, 2020

Referred to the House Committee on Transportation and Infrastructure.
Oct 30, 2020

Introduced in House

Amendments

Related Bills