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Hurricane Sandy Debt Forgiveness: Relief for Disaster-Affected Communities

This act aims to cancel federal loan debts and disaster assistance debts incurred after Hurricane Sandy and other major disasters between 2006 and 2021. This means individuals and communities who received such aid may be relieved of repayment obligations, providing financial relief and facilitating post-disaster recovery.
Key points
Cancellation of uncollected federal community disaster loans issued between 2006 and 2021 for major disasters, including Hurricane Sandy.
Waiver of individual and household debts related to unauthorized, but non-fraudulent, use of federal disaster assistance provided between 2006 and 2021.
Exclusion of debt waivers in cases involving fraud by the debtor.
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Additional Information
Print number: 117_HR_5778
Sponsor: Rep. Kim, Andy [D-NJ-3]
Process start date: 2021-10-28