Disaster Relief: Easier Aid for Businesses and Individuals
This new act makes it easier to receive financial assistance after natural disasters like floods or hurricanes. The President can now allow multiple types of aid to be received, even if previously prohibited, meaning faster and more effective recovery for affected businesses and individuals. The act applies to disasters that occurred in 2023 or 2024.
Key points
Easier access to aid: The President can allow multiple types of disaster assistance to be received, even if previously considered "duplication of benefits."
No income thresholds: No income threshold will be applied to limit eligibility for this waiver.
Loans not considered duplication: Federal loans for disaster losses will not be considered a duplication of other assistance.
Faster decision: The President must grant or deny a request for waiver within 45 days.
Status:
Introduced
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