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HOUSE 2672118th CongressReceived in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

FEMA Loan Interest Payment Relief Act

Last Action
12/10/2024

Actions

  • 2024-12-10Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  • 2024-12-09Motion to reconsider laid on the table Agreed to without objection.
  • 2024-12-09On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6533)
  • 2024-12-09Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6533)
  • 2024-12-09DEBATE - The House proceeded with forty minutes of debate on H.R. 2672.
  • 2024-12-09Considered under suspension of the rules. (consideration: CR H6532-6534)
  • 2024-12-09Mr. Graves (LA) moved to suspend the rules and pass the bill, as amended.
  • 2024-12-04Placed on the Union Calendar, Calendar No. 657.
  • 2024-12-04Reported by the Committee on Transportation and Infrastructure. H. Rept. 118-796.
  • 2024-12-04Reported by the Committee on Transportation and Infrastructure. H. Rept. 118-796.
  • 2024-09-18Ordered to be Reported by Unanimous Consent.
  • 2024-09-18Committee Consideration and Mark-up Session Held
  • 2024-09-18Subcommittee on Economic Development, Public Buildings, and Emergency Management Discharged
  • 2023-04-19Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
  • 2023-04-18Referred to the House Committee on Transportation and Infrastructure.

Showing 15 of 17 actions. Full history on Congress.gov.

CRS Summary

As of 2024-12-04 (07)

FEMA Loan Interest Payment Relief Act

This bill directs the Federal Emergency Management Agency (FEMA) to provide financial assistance to a local government or electric cooperative as reimbursement for interest paid on a loan used for emergency or disaster recovery activities later paid for by FEMA assistance. 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 (20)

  • Garret Graves (R-LA)
  • Darren Soto (D-FL)
  • Mike Ezell (R-MS)
  • Carlos Gimenez (R-FL)
  • Clay Higgins (R-LA)
  • Gus Bilirakis (R-FL)
  • Aaron Bean (R-FL)
  • Barry Moore (R-AL)
  • John Rutherford (R-FL)
  • Jared Moskowitz (D-FL)
  • Michael Guest (R-MS)
  • Anna Paulina Luna (R-FL)
  • Jimmy Panetta (D-CA)
  • Trent Kelly (R-MS)
  • SANFORD BISHOP (D-GA)
  • Byron Donalds (R-FL)
  • Bill Posey (R-FL)
  • C. Franklin (R-FL)
  • Kat Cammack (R-FL)
  • Laurel Lee (R-FL)

Subjects

  • Disaster relief and insurance
  • Electric power generation and transmission
  • Government lending and loan guarantees
  • Interest, dividends, interest rates
  • State and local finance
  • State and local government operations
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.