H. R. 2836, also called the “FEMA Loan Interest Payment Relief Act,” proposes changes to the Robert T. Stafford Disaster Relief and Emergency Assistance Act. It seeks to allow the government to reimburse local governments and electric cooperatives for interest expenses on...
Simple Explanation
The FEMA Loan Interest Payment Relief Act is a plan that helps cities and small power companies pay back extra money (interest) they owe from borrowing to fix things after disasters. It says the government can help pay for these extra costs, but only if they follow the rules laid out in the plan.