HR2672-118

In Committee

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.

118th Congress Introduced Apr 18, 2023

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 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Energy, Foreign Policy.

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 HBB7C4B5AC4DB4E42A0365F13B1BD8B16: 1. Short title This Act may be cited as the FEMA Loan Interest Payment Relief Act.
  • Section HE959A841A61347CFBDB56845D8769631: 2. Reimbursement of interest payments related to public assistance Title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C....
  • Section HDAC679667987463DA3F708E81484008D: 431. Reimbursement of interest payments related to public assistance The President, acting through the Administrator of the Federal Emergency Management...

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 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Energy, Foreign Policy

Primary Purpose

This bill, 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Energy Foreign Policy

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: eh
financial institutions, investors, and borrowers:
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: eh
federal implementing agencies:
financial institutions, investors, and borrowers:

Legislative Progress

In Committee
Introduced Committee Passed
Dec 10, 2024

Received; read twice and referred to the Committee on Homeland …

Dec 4, 2024

Additional sponsors: Mr. Ezell, Mr. Gimenez, Mr. Higgins of Louisiana, …

Dec 4, 2024

Committed to the Committee of the Whole House on the …

Apr 18, 2023

Mr. Dunn of Florida (for himself, Mr. Graves of Louisiana, …

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?

Domains
Finance Energy Foreign Policy
Actor Mappings
"administrator_of_fema"
→ Administrator of the Federal Emergency Management Agency

Key Definitions

Terms defined in this bill

2 terms
"qualifying loan" §HDAC679667987463DA3F708E81484008D

a loan— obtained by a local government or electric cooperative

"qualifying loan" §HE959A841A61347CFBDB56845D8769631

a loan— obtained by a local government or electric cooperative

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