FEMA Loan Interest Payment Relief Act

Hozzl · 2025-05-01T08:06:09Z

Explore the details of House Bill 2836 FEMA Loan Interest Payment Relief Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

5/1/2025, 8:06 AM

Summary of Bill HR 2836

The FEMA Loan Interest Payment Relief Act, designated as H.R. 2836 in the 119th Congress, was introduced on April 10, 2025. The bill aims to provide relief by offering assistance in the form of loan interest payment support through the Federal Emergency Management Agency (FEMA). Key provisions regarding the specifics of the interest relief and the qualifications for eligibility are detailed within the bill. For more information and the full text of the bill, refer to the official PDF version available at https://www.congress.gov/119/bills/hr2836/BILLS-119hr2836ih.pdf.

Congressional Summary of HR 2836

FEMA Loan Interest Payment Relief Act

This bill requires the Federal Emergency Management Agency (FEMA) to reimburse a local government or electric cooperative for interest paid on a loan used for emergency or disaster-related activities later paid for by FEMA assistance. The bill provides for similar reimbursement of interest to states for projects that are pending obligation.

The bill retroactively applies to interest incurred by a local government or electric cooperative in the nine years preceding enactment of the bill.

FEMA must reimburse states for loan interest for emergency or disaster-related projects that are pending obligation on the date of the bill’s enactment. FEMA must publish procedures for such reimbursement within 30 days after the bill’s enactment and states must apply within 60 days after publication of the procedures.

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.

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Current Status of Bill HR 2836

Bill HR 2836 is currently in the status of Bill Introduced since April 10, 2025. Bill HR 2836 was introduced during Congress 119 and was introduced to the House on April 10, 2025. Bill HR 2836's most recent activity was Referred to the House Committee on Transportation and Infrastructure. as of April 10, 2025

Bipartisan Support of Bill HR 2836

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Policy Area and Potential Impact of Bill HR 2836

Primary Policy Focus

Alternate Title(s) of Bill HR 2836

To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide for the authority to reimburse local governments or electric cooperatives for interest expenses, and for other purposes.