Security After Sandy Act

Bill: 116-hr-6765
Sponsor: full_name: Rep. Kim, Andy [D-NJ-3]
Introduced: 2020-05-08
Policy area: Emergency Management
Subjects: Debt collection

Disaster relief and insurance

Government lending and loan guarantees
Latest action: action_date: 2020-05-11
text: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Summaries:
action_date: 2020-05-08
action_desc: Introduced in House
text: <p><b>Security After Sandy Act</b></p> <p>This bill cancels and waives certain debts owed to the United States.</p> <p>The bill cancels repayment for all uncollected amounts owed with respect to community disaster loans made by the federal government between January 1, 2006, and January 1, 2020, with respect to any major disaster declared under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.</p> <p>The Federal Emergency Management Administration (FEMA), the Department of Housing and Urban Development, and the Small Business Administration shall waive a debt owed to the United States related to such assistance provided to an individual or household if (1) such debt owed is a result of an unauthorized use of funds for such assistance, and (2) the use of funds related to the same recovery for which the assistance was provided. Such debt may not be waived if it involves fraud by the debtor.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6765 IN THE HOUSE OF REPRESENTATIVES May 8, 2020 Mr. Kim (for himself, Mr. Pallone , Mrs. Watson Coleman , Mr. Pascrell , Mr. Norcross , Mr. Malinowski , Mr. Payne , and Mr. Sires ) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure , and in addition to the Committees on 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 cancel and waive certain debts owed to the United States with respect to Hurricane Sandy, and for other purposes.

1. Short title This Act may be cited as the Security After Sandy Act . 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 between January 1, 2006, and January 1, 2020, under section 417 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5184 ) with respect to any major disaster declared under section 401 of such Act. 3. Waiver of debt (a) In general Notwithstanding subchapter II of chapter 37 of title 31, United States Code, the Administrator of the Federal Emergency Management Administration, the Secretary of Housing and Urban Development, and the Administrator of the Small Business Administration— (1) subject to paragraph (2), shall waive a debt owed to the United States related to covered assistance provided to an individual or household if— (A) such debt owed is a result of an unauthorized use of funds for such covered assistance; and (B) the use of funds related to the same recovery for which the covered assistance was provided; and (2) may not waive a debt under paragraph (1) if the debt involves fraud by the debtor. (b) Covered assistance defined In this section, the term covered assistance means Federal assistance provided in relation to a major disaster declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5170 ) between January 1, 2006, and January 1, 2020.