U.S. Rep. Daniel Webster Serving Florida's 11th Congressional District | Official U.S. House headshot
U.S. Rep. Daniel Webster Serving Florida's 11th Congressional District | Official U.S. House headshot
Yesterday, the U.S. House of Representatives approved H.R. 2672, known as the FEMA Loan Interest Payment Relief Act. This legislation, cosponsored by Congressman Daniel Webster (R-Clermont), aims to provide financial relief to local governments and electric cooperatives affected by natural disasters.
“After disaster strikes, communities are often face significant financial burdens as they await federal reimbursement,” said Rep. Webster. “This legislation provides timely relief by reimbursing interest payments on disaster-related loans, allowing local governments and cooperatives to focus on rebuilding stronger without the strain of excessive financial costs.”
The bill amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to permit reimbursement for qualifying interest on loans taken out for disaster-related expenses. Importantly, H.R. 2672 applies retroactively to loans from the past seven years, offering immediate support to communities still recovering from previous disasters.
Alerts Sign-up