I 

118TH CONGRESS 

2D SESSION H. R. 10088 

To appropriate certain amounts to provide assistance under the Robert T. 

Stafford Disaster Relief and Emergency Assistance Act, to rescind certain unobligated balances, and to establish additional new markets tax 

credit for low-income communities affected by Hurricanes Helene and 

Milton, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

NOVEMBER 1, 2024 

Ms. FOXX (for herself, Mr. DUNN of Florida, and Mr. GRIFFITH) introduced 

the following bill; which was referred to the Committee on Transportation 

and Infrastructure, and in addition to the Committees on Appropriations, 

Ways and Means, Financial Services, and Small Business, for a period 

to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee 

concerned 

A BILL 

To appropriate certain amounts to provide assistance under 

the Robert T. Stafford Disaster Relief and Emergency 

Assistance Act, to rescind certain unobligated balances, 

and to establish additional new markets tax credit for 

low-income communities affected by Hurricanes Helene 

and Milton, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 


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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Helene Recovery Sup3 port Act’’. 

4 SEC. 2. APPROPRIATIONS FOR DISASTER RELIEF FUND. 

5 In addition to amounts otherwise available, there is 

6 appropriated, out of any money in the Treasury not other7 wise appropriated, $12,500,000,000 to the Administrator 

8 of the Federal Emergency Management Agency to provide 

9 assistance under the Robert T. Stafford Disaster Relief 

10 and Emergency Assistance Act (42 U.S.C. 5121 et seq.) 

11 in response to areas affected by an emergency or major 

12 disaster declared under such Act. 

13 SEC. 3. RESCISSION OF FUNDS. 

14 Of the unobligated balances made available to the 

15 Pension Benefit Guaranty Corporation, $15,000,000,000 

16 are rescinded. 

17 SEC. 4. ECONOMIC INJURY DISASTER LOANS. 

18 In addition to amounts otherwise available, there is 

19 appropriated, out of any money in the Treasury not other20 wise appropriated, $1,500,000,000 to the Administrator 

21 of the Small Business Administration to make or guar22 antee loans under section 7(b) of the Small Business Act 

23 (15 U.S.C. 636(b)) to persons located in areas affected 

24 by an emergency or major disaster declared under the 

25 Robert T. Stafford Disaster Relief and Economic Assist26 ance Act (42 U.S.C. 5121 et seq.). 


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1 SEC. 5. ADDITIONAL NEW MARKETS TAX CREDIT FOR LOW2 INCOME COMMUNITIES AFFECTED BY HURRI3 CANES HELENE AND MILTON. 

4 (a) IN GENERAL.—For purposes of section 45D of 

5 the Internal Revenue Code of 1986, there is an additional 

6 new markets tax credit limitation amount of 

7 $1,000,000,000 for calendar year 2024. 

8 (b) RESTRICTION TO LOW-INCOME COMMUNITIES

9 AFFECTED BY HURRICANES HELENE AND MILTON.—The 

10 additional limitation amount under subsection (a) shall be 

11 allocated by the Secretary of the Treasury (or the Sec12 retary’s delegate) under section 45D(f)(2) of such Code 

13 only for use with respect to that portion of any low-income 

14 community which is located in any area— 

15 (1) with respect to which a major disaster has 

16 been declared by the President (before the date of 

17 the enactment of this Act) under section 401 of the 

18 Robert T. Stafford Disaster Relief and Emergency 

19 Assistance Act by reason of Hurricane Helene or 

20 Hurricane Milton, and 

21 (2) which has been determined by the President 

22 to warrant individual or individual and public assist23 ance from the Federal Government under such Act 

24 by reason of such hurricanes. 

25 (c) CARRYOVER OF UNUSED LIMITATION.—Para26 graph (3) of section 45D(f) of such Code shall be applied 


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1 separately with respect to the additional limitation amount 

2 under subsection (a) and the requirement of subsection 

3 (b) shall continue to apply to any such additional limita4 tion amount carried forward under such paragraph. 

5 SEC. 6. TERMINATION. 

6 Beginning on the date of the enactment of this Act, 

7 no Federal funds are authorized to be appropriated or oth8 erwise made available to the Shelter and Services Program 

9 of the Federal Emergency Management Agency, as in ef10 fect on the day before such date of enactment, or to any 

11 successor or similar program. 

12 SEC. 7. TRANSFER OF APPROPRIATIONS. 

13 The unobligated balances of all amounts appropriated 

14 or otherwise made available to the Shelter and Services 

15 Program of the Federal Emergency Management Agency 

16 as of the day before the date of the enactment of this Act 

17 shall be transferred to and merged with amounts other18 wise made available for necessary expenses to carry out 

19 the Robert T. Stafford Disaster Relief and Emergency As20 sistance Act (42 U.S.C. 5121 et seq.). 

Æ 


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