H.R.1542 - Whatever It Takes To Rebuild Act of 2003108th Congress (2003-2004)
|Sponsor:||Rep. Maloney, Carolyn B. [D-NY-14] (Introduced 04/01/2003)|
|Committees:||House - Transportation and Infrastructure|
|Latest Action:||04/02/2003 Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. (All Actions)|
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Summary: H.R.1542 — 108th Congress (2003-2004)All Information (Except Text)
Whatever It Takes To Rebuild Act of 2003 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to: (1) authorize the President to make community disaster loans to State governments; (2) eliminate the $5 million limit on the amount of any such loan; and (3) prohibit the President from requiring the payment of any interest or principal on such a loan made to a State or local government which may suffer a substantial loss of tax and other revenues as a result of a major disaster caused by a terrorist attack. Provides that this Act shall apply to any major disaster occurring on or after October 30, 2000.
Introduced in House (04/01/2003)
Authorizes the President to make community disaster loans to New York City and the State of New York for tax and other revenue losses as a result of the major disaster caused by the terrorist attacks of September 11, 2001. Provides that the total amount of such loans shall be $8.8 billion or such greater amount as is determined by the President to be necessary to cover such losses. Prohibits the President from requiring the payment of any interest or principal on such loans.