FEMA Loan Interest Payment Relief Act
This bill directs the Federal Emergency Management Agency (FEMA) to provide financial assistance to a local government or electric cooperative as reimbursement for interest paid on a loan used for emergency or disaster recovery activities later paid for by FEMA assistance. The interest that qualifies for reimbursement may not exceed the amount of interest that would have been paid if the loan's interest rate were equal to the most recent prime rate.
Introduced in House
Introduced in House
Referred to the House Committee on Transportation and Infrastructure.
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Subcommittee on Economic Development, Public Buildings, and Emergency Management Discharged
Committee Consideration and Mark-up Session Held
Ordered to be Reported by Unanimous Consent.
Reported by the Committee on Transportation and Infrastructure. H. Rept. 118-796.
Reported by the Committee on Transportation and Infrastructure. H. Rept. 118-796.
Placed on the Union Calendar, Calendar No. 657.
Mr. Graves (LA) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6532-6534)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2672.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6533)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6533)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
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