summary
Introduced
07/16/2019
07/16/2019
In Committee
09/19/2019
09/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to allow the Administrator of the Federal Emergency Management Agency to provide capitalization grants to eligible entities to establish revolving funds to provide assistance to reduce disaster risks, and for other purposes. This bill authorizes the Federal Emergency Management Agency (FEMA) to enter into agreements with any state or Indian tribal government to make capitalization grants for the establishment of hazard mitigation revolving loan funds. Such funds shall provide funding assistance to local governments to carry out projects to reduce disaster risk in order to decrease the loss of life and property, the cost of insurance claims, and federal disaster payments.
AI Summary
This bill authorizes the Federal Emergency Management Agency (FEMA) to provide capitalization grants to states and Indian tribal governments to establish hazard mitigation revolving loan funds. These funds are intended to provide financial assistance to local governments for projects that reduce disaster risks, such as mitigating the impacts of drought, severe storms, wildfires, earthquakes, and flooding. The bill sets requirements for the administration and use of the loan funds, including limitations on the interest rate and repayment period for loans, as well as eligible uses of the funds beyond providing loans, such as for mitigation planning and administration. The bill also requires oversight and reporting from the participating entities.
Committee Categories
Business and Industry, Transportation and Infrastructure
Sponsors (14)
Angie Craig (D)*,
Rick Crawford (R),
Rodney Davis (R),
Abby Finkenauer (D),
John Garamendi (D),
Jenniffer González (R),
Garret Graves (R),
Ron Kind (D),
Daniel Lipinski (D),
Betty McCollum (D),
Chris Pappas (D),
Cedric Richmond (D),
Jason Smith (R),
Dina Titus (D),
Last Action
Placed on the Union Calendar, Calendar No. 389. (on 09/04/2020)
Official Document
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