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Financial Aid for Logging Businesses Affected by Disasters and Insect Infestations

This Act establishes a financial relief program for timber harvesting and hauling businesses that suffer significant revenue losses (at least 10%) due to major disasters, including insect infestations. The goal is to provide economic stability, allowing these businesses to cover operating expenses and maintain their operations. This support helps protect local jobs and the timber supply chain.
Key points
Direct payments for timber businesses: Financial assistance is available if a major disaster causes a loss of 10% or more in gross revenue during a specific period.
Payment calculation: The aid equals 10% of the gross revenue during the affected period and must be used strictly for operating expenses.
Funding: $50 million is authorized for fiscal years 2024 and 2025 to support this program, administered by the Department of Agriculture.
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Additional Information
Print number: 118_HR_8305
Sponsor: Rep. Golden, Jared F. [D-ME-2]
Process start date: 2024-05-08
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Loggers Economic Assistance and Relief Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8305.

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 2024-05-08.

What are the main provisions?

Key points include:

  • Direct payments for timber businesses: Financial assistance is available if a major disaster causes a loss of 10% or more in gross revenue during a specific period.
  • Payment calculation: The aid equals 10% of the gross revenue during the affected period and must be used strictly for operating expenses.
  • Funding: $50 million is authorized for fiscal years 2024 and 2025 to support this program, administered by the Department of Agriculture.
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. Golden, Jared F. [D-ME-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Forestry.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Agriculture Economy