Flexible Financing for Rural America Act

Summary

Flexible Financing for Rural America Act This bill allows rural utility service providers to submit to the Department of Agriculture (USDA) a request to adjust the interest rate or modify the terms of certain loans. The request shall include a report summarizing how the adjustment or modification will assist the borrower in providing critical utility services to a rural community. Specifically, on receipt of a request, USDA or the Department of the Treasury (in the case of a loan owned by the Federal Financing Bank) must adjust the interest rate on the loan to match certain interest rates for obligations of comparable maturity to the term remaining on the loan (or a higher rate requested by the borrower), and make modifications to the loan terms as necessary to address changes in the financial position of the borrower due to the COVID-19 public health emergency and to promote the financial sustainability of the borrower. In carrying out the adjustments or modifications, USDA or Treasury shall not impose or collect any fee from, or impose any penalty on, a borrower. The bill also provides funding to implement the adjustments and modifications and for the liquidation of residual intragovernmental amounts owed by the Federal Financing Bank in connection with certain loans.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 26 March 2021

   Introduced

   Referred to the Committee on Agriculture, and in addition to the Committees on Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 26 March 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 March 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 March 2021

   Referred

   Referred to the Subcommittee on Communications and Technology.

   Source: Committee

5. 15 June 2021

   Referred

   Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 26 March 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 March 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 26 March 2021

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 26 March 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. O'Halleran, Tom [D-AZ-1] · D · Sponsor
• Rep. Hartzler, Vicky [R-MO-4] · R · Sponsor
• Rep. Garamendi, John [D-CA-8] · D · Cosponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
• Rep. Lucas, Frank D. [R-OK-3] · R · Cosponsor
• Rep. Gaetz, Matt [R-FL-1] · R · Cosponsor
• Rep. Rice, Tom [R-SC-7] · R · Cosponsor
• Rep. Kelly, Trent [R-MS-1] · R · Cosponsor
• Rep. Miller, Carol D. [R-WV-1] · R · Cosponsor
• Rep. Hice, Jody B. [R-GA-10] · R · Cosponsor
• Rep. Scott, Austin [R-GA-8] · R · Cosponsor
• Rep. Davis, Rodney [R-IL-13] · R · Cosponsor
• Rep. Stanton, Greg [D-AZ-4] · D · Cosponsor
• Rep. Payne, Donald M., Jr. [D-NJ-10] · D · Cosponsor
• Rep. Allen, Rick W. [R-GA-12] · R · Cosponsor
• Rep. Luria, Elaine G. [D-VA-2] · D · Cosponsor
• Rep. Dunn, Neal P. [R-FL-2] · R · Cosponsor
• Rep. Delgado, Antonio [D-NY-19] · D · Cosponsor
• Rep. Tiffany, Thomas P. [R-WI-7] · R · Cosponsor
• Rep. Fischbach, Michelle [R-MN-7] · R · Cosponsor
• Kaiali'i Kahele · D · Cosponsor
• Rep. Bishop, Dan [R-NC-8] · R · Cosponsor
• Rep. Emmer, Tom [R-MN-6] · R · Cosponsor
• Rep. Bilirakis, Gus M. [R-FL-12] · R · Cosponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
• Rep. Rouzer, David [R-NC-7] · R · Cosponsor
• Rep. Bice, Stephanie I. [R-OK-5] · R · Cosponsor
• Rep. Crawford, Eric A. "Rick" [R-AR-1] · R · Cosponsor
• Rep. Kind, Ron [D-WI-3] · D · Cosponsor
• Rep. Stauber, Pete [R-MN-8] · R · Cosponsor
• Sen. Gallego, Ruben [D-AZ] · D · Cosponsor
• Rep. Bacon, Don [R-NE-2] · R · Cosponsor
• Rep. Bost, Mike [R-IL-12] · R · Cosponsor
• Lisa McClain · R · Cosponsor
• Rep. Johnson, Bill [R-OH-6] · R · Cosponsor
• Rep. Barr, Andy [R-KY-6] · R · Cosponsor
• Rep. Stivers, Steve [R-OH-15] · R · Cosponsor
• Rep. Rogers, Mike D. [R-AL-3] · R · Cosponsor
• Rep. Brown, Anthony G. [D-MD-4] · D · Cosponsor
• Rep. Butterfield, G. K. [D-NC-1] · D · Cosponsor
• Rep. Duncan, Jeff [R-SC-3] · R · Cosponsor
• Rep. Bustos, Cheri [D-IL-17] · D · Cosponsor
• Rep. Steube, W. Gregory [R-FL-17] · R · Cosponsor
• Sen. Blunt Rochester, Lisa [D-DE] · D · Cosponsor
• Rep. Balderson, Troy [R-OH-12] · R · Cosponsor
• Rep. Hudson, Richard [R-NC-8] · R · Cosponsor
• Rep. Schrader, Kurt [D-OR-5] · D · Cosponsor
• Rep. Latta, Robert E. [R-OH-5] · R · Cosponsor

Showing 48 of 217 sponsors and actors.

Related records

• related to → Flexible Financing for Rural America Act of 2021