Disaster loan program fully ‘exhausted’ with Congress still out of town
Politico“But the Biden-Harris Administration has the necessary disaster funding right now to address the immediate needs of American people in these hurricane affected areas,” the speaker continued. Without calling lawmakers back to the Capitol, congressional leaders could use their brief “pro forma” sessions to pass an emergency funding bill for the loan program. Rep. Jared Moskowitz has already introduced a bill that would provide SBA with $8 billion for disaster loans, stressing that Congress should have “proactively funded” that agency and FEMA “before going on a months-long recess during hurricane season.” President Joe Biden said in a statement Tuesday that Johnson “has promised that this and other disaster programs will be replenished when Congress returns.” He urged Americans to continue to apply for the loans. FEMA Administrator Deanne Criswell warned last week that she might have to pivot to covering only “immediate needs” with money in the disaster relief fund earlier than anticipated. But last week the administrator warned that she’s “going to have to assess that every day to see if I can wait that long.” The more than $20 billion Congress cleared before they left in September does not fulfill any of the emergency disaster aid requests the White House has sent over the last year.