Puerto Rico Fiscal Lifeline Included in $36.5 Billion Storm Bill
- Emergency spending bill includes low-cost loans for territory
- Funding to cover Texas and Florida storms, flood insurance
Puerto Rico's Mixed Reaction to Trump's Visit
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House lawmakers unveiled a bill Tuesday night that would provide $36.5 billion in emergency funding for hurricane and wildfire relief requested by the Trump administration.
With Congress under pressure to provide urgent help to storm victims in Texas, Florida and Puerto Rico, the House measure includes $18.7 billion for the Federal Emergency Management Agency’s disaster relief fund, as well as $16 billion to replenish the nation’s flood insurance program.