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HR8305FEDERALIN_COMMITTEE

Proposed Financial Aid for Timber Businesses After Disasters

Original title: Loggers Economic Assistance and Relief Act

September 3, 2024

timber industry disaster relief agriculture federal funding small business

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Where This Stands

Introduced

Committee

Floor Vote

Passed

Signed

Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

If passed, this bill would authorize $50 million in annual federal funding for 2024 and 2025 to help timber businesses cover operating expenses following s.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Timber harvesting businesses

These businesses may receive federal payments if they meet revenue loss criteria following a major disaster.

Timber hauling businesses

These businesses may receive federal payments if they meet revenue loss criteria following a major disaster.

What changed

Current stage: IN_COMMITTEE.

What's next

Floor Vote.

Background

The Robert T. Stafford Disaster Relief and Emergency Assistance Act is the primary federal law governing how the U.S. government responds to disasters. context

Summary

This bill creates a federal payment program to provide financial assistance to timber harvesting and hauling businesses that lose at least 10% of their revenue due to s, including insect infestations. The program would be managed by the Secretary of Agriculture through the Farm Service Agency.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who is eligible for these payments?

Timber harvesting or timber hauling businesses that harvested or hauled in the previous calendar year and suffered a revenue loss of at least 10% due to a .

Can I use the money for any business purpose?

No, the bill requires businesses to certify that the funds will be used only for operating expenses.

Does an insect infestation count as a disaster?

Yes, the bill explicitly includes insect infestations declared as a under the Stafford Act as a qualifying event.

Why It Matters

If passed, this bill would authorize $50 million in annual federal funding for 2024 and 2025 to help timber businesses cover operating expenses following s.

News Coverage

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Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy30
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

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