FEMA Loan Interest Payment Relief Act
Official title: To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide for the authority to reimburse local governments or electric cooperativ… Show full official titleShow less
Official title: 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.
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
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.
- Introduced in House Formatted Text PDF Formatted XML
- NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
- NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA)
- NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA)
- NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
- NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
- NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA)
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Treasury, Dept of
- Transportation, Dept of (DOT)
- Federal Emergency Management Agency (FEMA)
- Environmental Protection Agency (EPA)
- Federal Communications Commission (FCC)
- Federal Energy Regulatory Commission (FERC)
Cite this page
U.S. Congress. (2026). H.R. 2836: FEMA Loan Interest Payment Relief Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-2836/
"H.R. 2836: FEMA Loan Interest Payment Relief Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-2836/.
H.R. 2836, 119th Cong. (2026), https://openamerica.io/bill/119-HR-2836/.
[H.R. 2836: FEMA Loan Interest Payment Relief Act](https://openamerica.io/bill/119-HR-2836/)