Equity for Disaster Victims Act of 2020

Bill: 116-hr-6454
Sponsor: full_name: Rep. Smith, Christopher H. [R-NJ-4]
Introduced: 2020-04-03
Policy area: Emergency Management
Subjects: Disaster relief and insurance

Government lending and loan guarantees

State and local finance
Latest action: action_date: 2020-04-06
text: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Summaries:
action_date: 2020-04-03
action_desc: Introduced in House
text: <p><b>Equity for Disaster Victims Act of 2020</b></p> <p>This bill (1) cancels the repayment requirement for all uncollected amounts owed with respect to community disaster loans made by the federal government between January 1, 2011, and the enactment of this bill; and (2) changes from January 1, 2016, to January 1, 2011, the applicability date for the waiver of the prohibition against duplication of certain disaster-related benefits.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6454 IN THE HOUSE OF REPRESENTATIVES April 3, 2020 Mr. Smith of New Jersey (for himself and Mr. Van Drew ) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL To forgive certain disaster loans, and for other purposes.

1. Short title This Act may be cited as the Equity for Disaster Victims Act of 2020 . 2. Community disaster loan forgiveness Notwithstanding any other provision of law, repayment shall be canceled for all uncollected amounts owed with respect to loans made by the Federal Government— (1) under section 417 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5184 ); and (2) during the period beginning on January 1, 2011, and ending on the date of the enactment of this Act. 3. Modification of applicability date for waiver Section 1210(a)(3) of the FAA Reauthorization Act of 2018 ( 42 U.S.C. 5155 note) is amended by striking January 1, 2016 and inserting January 1, 2011 .