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This bill appropriates $12.5 billion to the Federal Emergency Management Agency for disaster relief assistance related to Hurricanes Helene and Milton, and $1.5 billion to the Small Business Administration for economic injury disaster loans in affected areas. It also establishes an additional $1 billion in new markets tax credits for low-income communities in declared disaster areas, rescind $15 billion in unobligated balances from the Pension Benefit Guaranty Corporation, and terminates the FEMA Shelter and Services Program while transferring its remaining funds to disaster relief efforts.
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