To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to impose a limitation on State eligibility for major disaster and emergency assistance to ensure that States repay loans and advances made under that Act.

Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to make a State ineligible for assistance, other than essential assistance, under the Act if the State: (1) has received a loan or advance under the Act and is not in compliance with the repayment terms; and (2) in the two-year period preceding the application date for such assistance, has enacted laws that have reduced or are likely to reduce annual tax revenues received by the State by one percent or more.