H.R. 2836 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Transportation and Infrastructure, Apr 10, 2025
What this bill does
In plain words · AI-written from the official summaryFEMA reimburses interest on disaster recovery loans
When a local government or electric cooperative borrows money for emergency or disaster work, they might have to pay interest on that loan. This bill says FEMA should reimburse them for that interest, as long as FEMA ends up paying for the project itself anyway. The bill also covers states with disaster projects that are still waiting to be approved by FEMA, and it applies retroactively to interest paid over the previous nine years.
How it affects you
Local governments, states, and electric cooperatives that borrowed money to handle emergencies or disasters would see some of their loan costs covered by FEMA. If you live in or work for a community that took out emergency loans, this could mean your local government or utility has more resources available after disaster recovery is complete.
Read the official summary (Introduced in House, Apr 10, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 2836
A BILL
FEMA Loan Interest Payment Relief Act
Sponsor: Rep. Neal P. Dunn (R-FL-2) · Introduced Apr 10, 2025 · Emergency Management · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Apr 10, 2025: “Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.”