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H.R. 2836: FEMA Loan Interest Payment Relief Act
119th Congress · introduced 2025-04-10 · Emergency Management · Latest: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
federal
Official title
FEMA Loan Interest Payment Relief Act
Plain 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.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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Official text
FEMA Loan Interest Payment Relief Act
Source: Congressional Research Service summary (Introduced in House)
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Officials and money
Sponsor: Rep. Dunn, Neal P. [R-FL-2] · 18 cosponsors
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- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
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Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr2836.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>
Record fed-us-cong119-hr2836 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills