Timber businesses losing money from major disasters would get federal payments to cover operating costs.
Timber harvesting and hauling businesses that lose at least 10% of their income due to major disasters, like storms or insect outbreaks, would get financial help from a new federal program. This bill would set aside $50 million each year for four years to pay these businesses 10% of their gross revenue during the affected period, helping them cover operating expenses.
Today, there is no specific federal payment program to help timber harvesting and timber hauling businesses recover from unexpected losses due to major disasters. If this bill becomes law, a new program would be created. Eligible businesses would be able to receive payments equal to 10% of their gross revenue during the affected period if they experience at least a 10% revenue drop due to a major disaster, helping them cover operating expenses.
HR 4665 · 119th Congress · July 23, 2025 · AI Summary by gemini-2.5-flash · 9/10
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