H.R. 2836

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · April 10, 2025 · Sponsor: Mr. Dunn of Florida · Committee: Committee on Transportation and Infrastructure

Table of contents

• H.R. 2836
  • SEC. 1. Short title
  • SEC. 2. Reimbursement of interest payments related to public assistance

SEC. 1. Short title

• This Act may be cited as the FEMA Loan Interest Payment Relief Act.

SEC. 2. Reimbursement of interest payments related to public assistance

• (a) In general
  • Title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act () is amended by adding at the end the following: 42 U.S.C. 5170 et seq.
    • (a) In general
      • The President, acting through the Administrator of the Federal Emergency Management Agency, shall provide financial assistance to a local government or electric cooperative as reimbursement for qualifying interest.
    • (b) Definitions
      • In this section, the following definitions apply:
      • For purposes of this section, the term includes the District of Columbia. local government
• (b) Rules of applicability
  • (1) Eligibility
    • Any qualifying interest (as such term is defined in section 431 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, as added by this Act) incurred by a local government or electric cooperative in the 9 years preceding the date of enactment of this Act shall be treated as eligible for financial assistance for purposes of such section.
  • (2) Appropriations
    • Only amounts appropriated on or after the date of enactment of this Act may be made available to carry out the amendment made by this section.
• (c) Alternative procedures for outstanding qualifying interest reimbursement
  • (1) In general
    • Notwithstanding any other provision of law, not later than 30 days after the date of enactment of this Act, the President, acting through the Administrator of the Federal Emergency Management Agency, shall establish and publish in the Federal Register alternative procedures for States to obtain reimbursement for qualifying loan interest (as such term is defined in section 431(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, as added by this Act) eligible under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et. seq) for all projects pending obligation as of the date of enactment of this Act.
  • (2) Application
    • A State requesting reimbursement pursuant to paragraph (1) shall submit an application to the President, acting through the Administrator of the Federal Emergency Management Agency, for outstanding qualifying interest reimbursement not later than 60 days after the date of publication of the procedures in such subsection.
  • (3) Reimbursement timing
    • In carrying out paragraph (1), the President, acting through the Administrator of the Federal Emergency Management Agency, shall reimburse States requesting assistance pursuant to paragraph (1) not later than 1 year after the date of enactment of this Act.