,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ejei  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ac1       
#bjai,mr4 ,dunn introduced the following
 bill2 which was referred to the        
,committee on ,transportation and       
,infrastructure  ,a ,,bill  ,to amend   
the ,robert ,t4 ,stafford ,disaster     
,relief and ,emergency ,assistance ,act 
to provide for the authority to         
reimburse local governments for interest
 expenses1 and for other purposes4  #a4 
,reimbursement of interest payments     
related to public assistance  ,title    
,,iv of the ,robert ,t4 ,stafford       
,disaster ,relief and ,emergency        
,assistance ,act is amended by adding at
 the end the following3  #dca4          
,reimbursement of interest payments     
related to public assistance  7a7 ,in   
general ,the ,president may provide     
financial assistance to a local         
government as reimbursement for         
qualifying interest4  7b7 ,definitions  
,in this section1 the following         

definitions apply3 7#a7 ,qualifying     
interest ,the term qualifying interest  
means1 with respect to a qualifying     
loan1 the lesser of--  7,a7 the actual  
interest paid to a lender for such      
qualifying loan2 and  7,b7 the interest 
that would have been paid to a lender if
 such qualifying loan had an interest   
rate of #b times the discount window    
primary credit interest rate most       
recently published on the ,federal      
,reserve ,statistical ,release on       
selected interest rates 7daily or       
weekly7 7commonly referred to as the    
,h4#ae release or the ,federal funds    
rate7404  7#b7 ,qualifying loan ,the    
term qualifying loan means a loan-- 7,a7
 obtained by a local government2 and    
7,b7 of which not less than #ij percent 
of the proceeds are used to fund        
activities for which such local         
government receives assistance under    
this ,act after the date on which such  
loan is disbursed4  4