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This bill establishes a federal payment program administered by the Department of Agriculture to provide financial assistance to timber harvesting and timber hauling businesses that experience at least a 10 percent loss in gross revenue during a 30-day period or calendar quarter due to major disasters, including insect infestations. Eligible businesses would receive payments equal to 10 percent of their gross revenue during the affected period, which must be used for operating expenses. The bill authorizes $50 million in appropriations for fiscal years 2024 and 2025.
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