To appropriate certain amounts to provide assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, to rescind certain unobligated balances, and to establish additional new markets tax credit for low-income communities affected by Hurricanes Helene and Milton, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To appropriate certain amounts to provide assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, to rescind certain unobligated balances, and to establish additional new markets tax credit for low-income communities affected by Hurricanes Helene and Milton, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Environment.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H62D8AE05D46F4BA3B450247399A69F0A: 1. Short title This Act may be cited as the Helene Recovery Support Act.
- Section H5E846D74739642DF9C84D6660C7D697E: 2. Appropriations for Disaster Relief Fund In addition to amounts otherwise available, there is appropriated, out of any money in the Treasury not otherwise...
- Section HEBC41C2B54564B31B19334E7B5D7CF05: 3. Rescission of funds Of the unobligated balances made available to the Pension Benefit Guaranty Corporation, $15,000,000,000 are rescinded.
- Section H3D40FB09A5D444DA9B535375A31FC325: 4. Economic injury disaster loans In addition to amounts otherwise available, there is appropriated, out of any money in the Treasury not otherwise...
- Section H2EBB15729FA54880AC0076F04AE2BBE5: 5. Additional new markets tax credit for low-income communities affected by Hurricanes Helene and Milton For purposes of section 45D of the Internal Revenue...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To appropriate certain amounts to provide assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, to rescind certain unobligated balances, and to establish additional new markets tax credit for low-income communities affected by Hurricanes Helene and Milton, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Environment
Primary Purpose
This bill, To appropriate certain amounts to provide assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, to rescind certain unobligated balances, and to establish additional new markets tax credit for low-income communities affected by Hurricanes Helene and Milton, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Foxx (for herself, Mr. Dunn of Florida, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "administrator_of_sba"
- → Administrator of the Small Business Administration
- "administrator_of_fema"
- → Administrator of the Federal Emergency Management Agency
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology