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Financial Aid for Logging Businesses Affected by Major Disasters and Revenue Loss.

This Act establishes a financial relief program for timber harvesting and hauling businesses that experience significant revenue loss due to major disasters, including insect infestations. The goal is to stabilize the industry and local employment by providing direct payments to cover operating expenses. Eligible businesses must show at least a 10% revenue drop compared to the previous year to qualify for assistance.
Key points
Provides financial payments to timber harvesting and hauling businesses suffering losses from major disasters or insect infestations.
Eligibility requires demonstrating a revenue loss of at least 10% during a 30-day period or quarter compared to the previous year.
Payments are capped at 10% of the gross revenue during the affected period and must be used solely for operating expenses.
The program is authorized to receive $50 million annually from 2025 through 2029 to support the stability of the logging sector.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2399
Sponsor: Sen. Collins, Susan M. [R-ME]
Process start date: 2025-07-23
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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 119_S_2399.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-23.

What are the main provisions?

Key points include:

  • Provides financial payments to timber harvesting and hauling businesses suffering losses from major disasters or insect infestations.
  • Eligibility requires demonstrating a revenue loss of at least 10% during a 30-day period or quarter compared to the previous year.
  • Payments are capped at 10% of the gross revenue during the affected period and must be used solely for operating expenses.
  • The program is authorized to receive $50 million annually from 2025 through 2029 to support the stability of the logging sector.
What is the specific legal status?

The current status is Introduced.

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 Sen. Collins, Susan M. [R-ME].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Agriculture Economy