Loggers Economic Assistance and Relief Act

HR 8305, the Loggers Economic Assistance and Relief Act, provides financial relief to timber harvesting and hauling businesses that suffer significant revenue losses due to major disasters. It authorizes payments equal to 10% of a business's gross revenue during a 30-day period or quarter if revenue drops by at least 10% compared to the same period in the previous year, including losses from insect infestations declared as disasters. Payments must be used solely for operating expenses and are funded with $50 million annually for fiscal years 2024 and 2025. The program targets small timber businesses directly impacted by events like wildfires or pest outbreaks, with the USDA administering the payments and reporting recipient details to Congress.