Urges President and Congress to forgive community disaster loans issued after Superstorm Sandy.

New Jersey faces significant economic challenges from Superstorm Sandy and the COVID-19 pandemic. The bill urges the President and Congress to forgive community disaster loans issued after Superstorm Sandy to alleviate financial pressure on New Jersey communities. It also seeks to address the duplication of benefit policy, which could prevent residents from receiving further disaster relief aid during the pandemic. The forgiveness of these loans and changes to eligibility for small business loans would help stabilize the economy and support residents in the fight against COVID-19.

Urges President and Congress to forgive community disaster loans issued after Superstorm Sandy.

New Jersey faces significant economic challenges from Superstorm Sandy and the COVID-19 pandemic. The bill urges the President and Congress to forgive community disaster loans issued after Superstorm Sandy to alleviate financial pressure on New Jersey communities. It also seeks to address the duplication of benefit policy, which could prevent residents from receiving further disaster relief aid during the pandemic. The forgiveness of these loans and changes to eligibility for small business loans would help stabilize the economy and support residents in the fight against COVID-19.