H.R. 2672, known as the "FEMA Loan Interest Payment Relief Act," seeks to amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act. The bill allows local governments and electric cooperatives to be reimbursed for interest expenses on specific loans. To...
Simple Explanation
H.R. 2672 is a bill that wants to help local governments and power companies get money back for some of the interest they paid on loans they used to fix things after a disaster, like a big storm or earthquake. It even lets them get this money back for loans from up to seven years ago.