Helene Recovery Support Act

HR 10088, the Helene Recovery Support Act, allocates $12.5 billion to FEMA for disaster relief under the Stafford Act for areas affected by Hurricanes Helene and Milton, and provides $1.5 billion for Small Business Administration economic injury loans to impacted individuals. It also creates a $1 billion new markets tax credit for low-income communities in areas declared disaster zones for these hurricanes, while rescinding $15 billion from the Pension Benefit Guaranty Corporation. The bill terminates the Shelter and Services Program and transfers its unobligated funds to support broader disaster relief efforts under the Stafford Act. This legislation directly affects communities in Florida, North Carolina, and other regions declared disaster areas for Hurricanes Helene and Milton.