FEMA Loan Interest Payment Relief Act
Latest action · Apr 10, 2025 Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 10, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
FEMA Loan Interest Payment Relief Act
This bill requires the Federal Emergency Management Agency (FEMA) to reimburse a local government or electric cooperative for interest paid on a loan used for emergency or disaster-related activities later paid for by FEMA assistance. The bill provides for similar reimbursement of interest to states for projects that are pending obligation.
The bill retroactively applies to interest incurred by a local government or electric cooperative in the nine years preceding enactment of the bill.
FEMA must reimburse states for loan interest for emergency or disaster-related projects that are pending obligation on the date of the bill’s enactment. FEMA must publish procedures for such reimbursement within 30 days after the bill’s enactment and states must apply within 60 days after publication of the procedures.
The interest that qualifies for reimbursement may not exceed the amount of interest that would have been paid if the loan's interest rate were equal to the most recent prime rate.
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from Apr 10, 2025 to Oct 17, 2025; 11 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-AL | Barry Moore | Original | Apr 10, 2025 |
| R-FL | Byron Donalds | Original | Apr 10, 2025 |
| R-FL | Carlos A. Gimenez | Original | Apr 10, 2025 |
| R-LA | Clay Higgins | Original | Apr 10, 2025 |
| R-FL | Cory Mills | Original | Apr 10, 2025 |
| R-FL | Daniel Webster | Original | Apr 10, 2025 |
| D-FL | Darren Soto | Original | Apr 10, 2025 |
| R-FL | Gus M. Bilirakis | Original | Apr 10, 2025 |
| D-FL | Jared Moskowitz | Original | Apr 10, 2025 |
| R-FL | Laurel M. Lee | Original | Apr 10, 2025 |
| D-LA | Troy A. Carter | Original | Apr 10, 2025 |
| R-FL | Aaron Bean | Apr 29, 2025 | |
| R-FL | Scott Franklin | Apr 29, 2025 | |
| R-FL | W. Gregory Steube | Apr 30, 2025 | |
| R-FL | Kat Cammack | Jun 3, 2025 | |
| R-FL | John H. Rutherford | Jul 16, 2025 | |
| D-MI | Hillary J. Scholten | Aug 19, 2025 | |
| R-FL | Mike Haridopolos | Oct 17, 2025 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Transportation and Infrastructure Committee | Referred Apr 10, 2025 |
| Economic Development, Public Buildings, and Emergency Management Subcommittee | Referred Apr 10, 2025 |
Actions 3
Everything that happened, newest first.
- Apr 10, 2025Introduced in House
- Apr 10, 2025Referred to the House Committee on Transportation and Infrastructure.
- Apr 10, 2025Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 65, April 10, 2025, page H1601.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 119-20 | Committee on Transportation and Infrastructure Member Day96 pages | Transportation and Infrastructure Committee | May 14, 2025 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide for the authority to reimburse local governments or electric cooperatives for interest expenses, and for other purposes.
- Short Title(s) as Introduced
- FEMA Loan Interest Payment Relief Act
Subjects
Assigned by the Library of Congress. Policy area: Emergency Management.
Text 1
Each version as it was printed, newest first.
- Apr 10, 2025Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
