H. R. 2672, also known as the “FEMA Loan Interest Payment Relief Act,” aims to amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to allow the federal government to reimburse local governments and electric cooperatives for interest expenses on certain...
Simple Explanation
The "FEMA Loan Interest Payment Relief Act" is a plan to help towns and power groups by paying back the money they spent on interest for loans used to fix things after storms or disasters. This helps them save money when they're trying to make everything better again.