Community Disaster Loan Equity Act of 2005

Last action on Oct 11, 2005Referred to the Subcommittee on Economic Development, Pub...

Summary

Community Disaster Loan Equity Act of 2005 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to authorize the President to make community disaster loans to state governments. Eliminates the $5 million limit on such a loan, and prohibits the President from requiring its repayment, if the state or local government receiving it may suffer a substantial loss of tax and other revenues as a result of a major disaster determined to be an incident of national significance.

Applies this Act to any major disaster occurring on or after August 24, 2005.

Community Disaster Loan Equity Act of 2005

Summary

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House Committee on Transportation and Infrastructure

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Community Disaster Loan Equity Act of 2005

Summary

Lifecycle of the Bill

Lifecycle of the Bill

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Legislative Subjects (18)

Committees (1)

House Committee on Transportation and Infrastructure

CBO Cost Estimate

CBO Cost Estimate