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Disaster Relief: Interest Reimbursement for Local Governments and Utilities

This act aims to reimburse local governments and electric cooperatives for interest paid on loans taken out for disaster recovery. This measure helps protect taxpayer money and allows communities to recover more quickly after natural disasters.
Key points
Local governments and electric cooperatives can get reimbursed for interest on disaster recovery loans.
The assistance covers loans taken up to 5 years before the act's enactment.
Reimbursement applies if at least 90% of the loan proceeds were used for federally assisted activities.
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Additional Information
Print number: 117_HR_2669
Sponsor: Rep. Dunn, Neal P. [R-FL-2]
Process start date: 2021-04-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

FEMA Loan Interest Payment Relief Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2669.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-20.

What are the main provisions?

Key points include:

  • Local governments and electric cooperatives can get reimbursed for interest on disaster recovery loans.
  • The assistance covers loans taken up to 5 years before the act's enactment.
  • Reimbursement applies if at least 90% of the loan proceeds were used for federally assisted activities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Dunn, Neal P. [R-FL-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Local Government Public Investments