HR2836Referred to Committee

FEMA Loan Interest Payment Relief Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-04-10
Introduced
18
Cosponsors
HR
ⓘ
Type

Sponsor

Neal P. Dunn
Neal P. Dunn
Republican · FL · Representative
Votes with party: 99.0% (520 recorded votes)

Full profile: /officials/D000628

Source: Congress.gov · FEC

Cosponsors (18)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

18 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

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

2025-04-10

Source: Congress.gov

Committee Activity

Currently in

Plain-English 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Emergency Management
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