Flexible Financing for Rural America Act of 2020

Summary

Flexible Financing for Rural America Act of 2020 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 must adjust the interest rate on the loan to match certain interest rates in effect when the bill is enacted 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 (i.e., coronavirus disease 2019) public health emergency and to promote the financial sustainability of the borrower. In carrying out the adjustments or modifications, USDA 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.

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

Timeline

1. 2 July 2020

   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. 2 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 September 2020

   Referred

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 July 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 July 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 July 2020

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 2 July 2020

  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

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Sponsors

• Rep. Hartzler, Vicky [R-MO-4] · R · Sponsor
• Rep. O'Halleran, Tom [D-AZ-1] · D · Sponsor
• Rep. Baird, James R. [R-IN-4] · R · Cosponsor
• Rep. Dunn, Neal P. [R-FL-2] · R · Cosponsor
• Rep. Johnson, Dusty [R-SD-At Large] · R · Cosponsor
• Rep. Stauber, Pete [R-MN-8] · R · Cosponsor
• Rep. Kind, Ron [D-WI-3] · D · Cosponsor
• Sen. Marshall, Roger [R-KS] · R · Cosponsor
• Rep. Rouzer, David [R-NC-7] · R · Cosponsor
• Rep. Allen, Rick W. [R-GA-12] · R · Cosponsor
• Rep. Adams, Alma S. [D-NC-12] · D · Cosponsor
• Rep. Norman, Ralph [R-SC-5] · R · Cosponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Cosponsor
• Rep. Engel, Eliot L. [D-NY-16] · D · Cosponsor
• Rep. Axne, Cynthia [D-IA-3] · D · Cosponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
• Rep. Sewell, Terri A. [D-AL-7] · D · Cosponsor
• Rep. Butterfield, G. K. [D-NC-1] · D · Cosponsor
• Rep. Crawford, Eric A. "Rick" [R-AR-1] · R · Cosponsor
• Jim Hagedorn · R · Cosponsor
• Rep. Lawson, Al, Jr. [D-FL-5] · D · Cosponsor
• Rep. Bost, Mike [R-IL-12] · R · Cosponsor
• Rep. Schrader, Kurt [D-OR-5] · D · Cosponsor
• Rep. Young, Don [R-AK-At Large] · R · Cosponsor
• Rep. Horn, Kendra S. [D-OK-5] · D · Cosponsor
• Sen. Welch, Peter [D-VT] · D · Cosponsor
• Rep. Gianforte, Greg [R-MT-At Large] · R · Cosponsor
• Rep. McEachin, A. Donald [D-VA-4] · D · Cosponsor
• Rep. Lesko, Debbie [R-AZ-8] · R · Cosponsor
• Rep. Soto, Darren [D-FL-9] · D · Cosponsor
• Rep. Bilirakis, Gus M. [R-FL-12] · R · Cosponsor
• Rep. Bacon, Don [R-NE-2] · R · Cosponsor
• Sen. Mullin, Markwayne [R-OK] · R · Cosponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Cosponsor
• Rep. Moolenaar, John R. [R-MI-2] · R · Cosponsor
• Rep. Davis, Rodney [R-IL-13] · R · Cosponsor
• Rep. Duncan, Jeff [R-SC-3] · R · Cosponsor
• Rep. Luria, Elaine G. [D-VA-2] · D · Cosponsor
• Rep. Gosar, Paul A. [R-AZ-9] · R · Cosponsor
• Rep. Price, David E. [D-NC-4] · D · Cosponsor
• Rep. Armstrong, Kelly [R-ND-At Large] · R · Cosponsor
• Rep. Hice, Jody B. [R-GA-10] · R · Cosponsor
• Rep. Comer, James [R-KY-1] · R · Cosponsor
• Rep. Griffith, H. Morgan [R-VA-9] · R · Cosponsor
• Rep. Rogers, Harold [R-KY-5] · R · Cosponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Cosponsor
• Sen. Gallego, Ruben [D-AZ] · D · Cosponsor
• Rep. Brown, Anthony G. [D-MD-4] · D · Cosponsor

Showing 48 of 130 sponsors and actors.

Related records

• related to → Flexible Financing for Rural America Act of 2020