To repeal the Rural Electrification Act of 1936, require the sale of all loans made under such Act, and authorize the Secretary of Agriculture to make loans to electric generation and transmission cooperatives which are unable to obtain needed financing in the private sector.

Summary

Repeals the Rural Electrification Act of 1936. Requires the cash sale to private investors of outstanding loans made under such Act. Amends the Consolidated Farm and Rural Development Act to authorize loans to electric power cooperative associations unable to secure credit at reasonable rates elsewhere.

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

Timeline

1. 2 July 1992

   Introduced

   Referred to the House Committee on Agriculture.

   Source: IntroReferral

2. 2 July 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 July 1992

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 July 1992

   Referred

   Referred to the Subcommittee on Conservation, Credit, and Rural Development.

   Source: Committee

Votes

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Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 July 1992

  Open at official source

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Sponsors

• Sen. Santorum, Rick [R-PA] · R · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Rep. Zimmer, Dick [R-NJ-12] · R · Cosponsor
• Rep. James, Craig T. [R-FL-4] · R · Cosponsor
• Rep. Atkins, Chester G. [D-MA-5] · D · Cosponsor
• · hsag00 · Standing

Related records

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