S.2399

Loggers Economic Assistance and Relief Act establishes a payment program for timber businesses affected by major disasters.

The Loggers Economic Assistance and Relief Act establishes a payment program for timber harvesting and timber hauling businesses that experience a loss of at least 10% in gross revenue due to a major disaster. Payments are limited to 10% of the gross revenue during the applicable period. The Secretary of Agriculture, through the Farm Service Agency, will administer the program, ensuring payments are used for operating expenses. The Act authorizes $50 million annually for fiscal years 2025 through 2029.