S. 1963: Emergency Disaster Relief Fund Act of 2025
This bill, titled the Emergency Disaster Relief Fund Act of 2025, proposes that the government allocate $25 billion to the Disaster Relief Fund managed by the Federal Emergency Management Agency (FEMA) for the fiscal year 2025. The funds are intended to support disaster relief efforts, providing financial assistance in response to emergency situations such as natural disasters. The bill emphasizes the urgency of these appropriations, designating them as necessary for emergency requirements as outlined in existing budget laws.
Key Provisions
- Funding Amount: The bill authorizes an appropriation of $25 billion specifically for FEMA's Disaster Relief Fund.
- Emergency Designation: The funds are categorized as an emergency requirement, allowing for expedited access and use in disaster situations.
- Fiscal Responsibility: The bill aligns with legislation intended to enforce budget controls and accountability regarding government spending.
Purpose of the Funding
The funds allocated by this bill are earmarked for various types of disaster relief activities, which may include:
- Providing financial assistance to individuals and families affected by disasters.
- Supporting local governments in recovery efforts.
- Funding necessary resources to assist in immediate disaster response and long-term recovery planning.
Legislative Process
Following its introduction by Senator Tillis, the bill was read twice and referred to the Senate Committee on Homeland Security and Governmental Affairs for further consideration.
Budget Implications
By designating these funds as emergency requirements, the bill aims to ensure rapid disbursement in times of crises without the usual budgetary constraints, potentially speeding up the federal government's ability to respond to disasters.
Relevant Companies
- CPB (Campbell Soup Company) - Might see increased demand for food supplies in the aftermath of disasters.
- NSC (Norfolk Southern Corporation) - Could be impacted through logistics and transportation of relief supplies.
- FDX (FedEx Corporation) - Likely to be involved in the shipping and distribution of relief materials.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Jun. 05, 2025 | Introduced in Senate |
| Jun. 05, 2025 | Read twice and referred to the Committee on Homeland Security and Governmental Affairs. |
Corporate Lobbying
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