Supplemental Appropriations Bill and Tax Relief Package
Members of the Senate Committee on Appropriations released the text of an emergency supplemental appropriations bill that would help address the costs related to the damage caused by Super Storm Sandy. This supplemental aligns with the Administration’s supplemental appropriations request.
Click here for the full text of the Super Storm Sandy emergency appropriations supplemental is available at.
Click here for a section-by-section overview of the Sandy-related tax legislation.
Like the Administration’s request, the measure would:
Provide $17 billion for disaster Community Development Block Grant (d-CDBG) funds, at least $2 billion of which must be used for mitigation activities. The measure would require HUD to establish a minimum allocation for each eligible state that has been declared a major disaster due to Super Storm Sandy. Further, of the d-CDBG funds appropriated under the bill, $100 million would have to be used for unmet needs in the areas impacted by Super Storm Sandy or other disasters in 2011 or 2012.
Waive many CDBG requirements for the Super Storm Sandy d-CDBG allocation. Among other waivers, the measure authorizes the Secretary to reduce to 50% the portion of funds benefiting low and moderate-income people. The percentage could be further reduced or even eliminated if “the Secretary specifically finds that there is a compelling need” to do so.
Appropriate an additional $11.5 billion for the Federal Emergency Management Agency (FEMA) Disaster Relief Fund.
Provide an alternative to FEMA temporary housing programs, the bill allows for multifamily rental property owners to establish leases under the individual and households programs. The bill would also authorize repairs and improvements to be made to properties under such lease agreements “to the extent necessary to serve as safe and adequate temporary housing.” The value of the improvements or repairs would be deducted from the value of the lease agreement and are not allowed to exceed the value of the lease agreement.
It is expected that the supplemental appropriations package will move straight to the Senate floor the week of December 17, 2012 bypassing a full Committee markup. Senators have indicated that the FY13 Military Construction and Veterans Affairs appropriations bill will be the legislative vehicle for the measure. While some Republican Senators have expressed concern about the total cost of the measure, it appears that a measure will be approved without a call for the emergency funding to be offset.