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Helene & Milton Hurricane Recovery: Funds, Loans, and Tax Credits.

This act aims to provide financial aid and support to areas affected by Hurricanes Helene and Milton. It includes disaster relief funds, small business loans, and special tax credits for low-income communities impacted by these events. Additionally, it reallocates funding from certain assistance programs.
Key points
Allocates $12.5 billion for disaster relief, potentially speeding up support for individuals and communities affected by natural disasters.
Provides $1.5 billion for small business loans, helping entrepreneurs rebuild after damages.
Establishes an additional $1 billion New Markets Tax Credit for low-income communities affected by the hurricanes, encouraging investment in these areas.
Terminates funding for FEMA's Shelter and Services Program, redirecting its funds to general disaster relief efforts.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_10088
Sponsor: Rep. Foxx, Virginia [R-NC-5]
Process start date: 2024-11-01
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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

Helene Recovery Support Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10088.

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 2024-11-01.

What are the main provisions?

Key points include:

  • Allocates $12.5 billion for disaster relief, potentially speeding up support for individuals and communities affected by natural disasters.
  • Provides $1.5 billion for small business loans, helping entrepreneurs rebuild after damages.
  • Establishes an additional $1 billion New Markets Tax Credit for low-income communities affected by the hurricanes, encouraging investment in these areas.
  • Terminates funding for FEMA's Shelter and Services Program, redirecting its funds to general disaster relief efforts.
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. Foxx, Virginia [R-NC-5].

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 2025-12-24.

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