summary
Introduced
03/05/2020
03/05/2020
In Committee
03/05/2020
03/05/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide for the authority to reimburse local governments for interest expenses, and for other purposes. This bill authorizes the President to reimburse local governments for interest expenses for loans pertaining to disaster relief.
AI Summary
This bill, the Fairness in Disaster Relief Act, authorizes the President to reimburse local governments for interest expenses on loans related to disaster relief efforts. Specifically, the bill defines "qualifying interest" as the lesser of the actual interest paid on the loan or the interest that would have been paid at the current prime rate. This provision aims to provide financial assistance to local governments for the costs of obtaining loans to fund disaster relief activities.
Committee Categories
Military Affairs and Security
Sponsors (2)
Last Action
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 03/05/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/3407/all-info |
| BillText | https://www.congress.gov/116/bills/s3407/BILLS-116s3407is.pdf |
| Bill | https://www.congress.gov/116/bills/s3407/BILLS-116s3407is.pdf.pdf |
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