H.R. 2364: Helene Small Business Recovery Act

This bill, known as the Helene Small Business Recovery Act, aims to make specific changes to how disaster assistance is administered under the Robert T. Stafford Disaster Relief and Emergency Assistance Act. The key components of the bill are outlined below:

Waiver of Duplication of Benefits

The bill proposes that the President has the authority to waive the general prohibition on duplicating benefits. This means that if a state governor requests it, the President can allow certain assistance to be provided without the concern of it being considered duplication of benefits. The waiver can be granted under the following conditions:

• The waiver is in the public interest and does not lead to waste, fraud, or abuse.
• The President can consider recommendations from the Federal Emergency Management Agency (FEMA) and relevant federal agencies.
• The assistance funded should be cost-effective.
• Equity and fairness should be considered.
• Other relevant public policy matters may also be factored into the decision.

Process for Granting the Waiver

The bill stipulates that any request for a waiver must be decided within 45 days of its submission. This ensures a timely response to the needs of businesses and individuals affected by disasters.

Prohibiting Income Thresholds

Furthermore, the bill specifies that there should be no income limits that could prevent an eligible recipient from qualifying for the waiver. This aims to broadens access to assistance for those in need.

Applicability

This legislation applies specifically to assistance related to disasters that were declared by the President during the years 2023 and 2024.

Summary of Purpose

Overall, the Helene Small Business Recovery Act seeks to facilitate disaster recovery by streamlining the process for providing assistance, allowing for more flexibility to ensure that those who suffer losses due to disasters can receive the help they need without the restrictions that typically govern disaster assistance.

Relevant Companies

None found.