Loggers Economic Assistance and Relief Act
Summary
The Loggers Economic Assistance and Relief Act aims to provide financial assistance to timber harvesting and hauling businesses that have experienced significant revenue losses due to major disasters. The bill directs the Secretary of Agriculture to establish a payment program for eligible entities that have suffered a gross revenue loss of at least 10% in a 30-day period or quarter, compared to the previous year. The payments are intended to cover operating expenses. The Act authorizes appropriations of $50 million per fiscal year from 2026 through 2029.
Expected Effects
If enacted, this Act would provide direct financial relief to timber businesses affected by major disasters, including insect infestations. This would help stabilize these businesses and prevent potential bankruptcies or closures. The Act also requires the Secretary of Agriculture to report annually on the payments made, ensuring transparency.
Potential Benefits
- Provides financial assistance to timber harvesting and hauling businesses facing economic hardship due to major disasters.
- Helps stabilize local economies dependent on the timber industry.
- Ensures that payments are used for operating expenses, supporting business continuity.
- Requires the Secretary of Agriculture to report on payments made, promoting transparency.
- Could prevent job losses in the timber industry.
Potential Disadvantages
- The program relies on self-certification, which could be subject to fraud or abuse.
- The 10% revenue loss threshold might exclude some businesses that have experienced significant but slightly smaller losses.
- The limited scope of the program may not fully address the long-term challenges faced by the timber industry.
- The authorized appropriations may not be sufficient to meet the needs of all eligible businesses during a major disaster.
- The definition of 'major disaster' could be interpreted differently, leading to inconsistencies in aid distribution.
Constitutional Alignment
The Loggers Economic Assistance and Relief Act appears to align with the General Welfare Clause (Article I, Section 8, Clause 1) of the U.S. Constitution, as it aims to provide economic relief to businesses affected by major disasters. The Act's provisions for reporting and regulation also align with Congress's power to legislate for the general welfare. The bill does not appear to infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).