3.0.0 7996 2023-01-11T13:45:28Z 2023-01-11T13:45:28Z House HR 2020-08-11 116 [Congressional Record Volume 166, Number 143 (Tuesday, August 11, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. AXNE:H.R. 7996.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8 of the United StatesConstitution.[Page H4231]]]> hsag00 Agriculture Committee House Standing hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee Referred to 2020-09-11T17:28:42Z Referred to 2020-08-11T16:02:25Z Rural Equal Aid Act of 2020 116 4470 S 2020-08-06 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Related bill CRS 2020-09-11 hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee 1 House committee actions Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Committee 2020-08-11 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2020-08-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-08-11 Introduced in House IntroReferral 1000 9 Library of Congress A000378 Rep. Axne, Cynthia [D-IA-3] Cynthia Axne D IA 3 N T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2020-08-11 True S001189 Rep. Scott, Austin [R-GA-8] Austin Scott R GA 8 2020-08-11 True B001306 Rep. Balderson, Troy [R-OH-12] Troy Balderson R OH 12 2020-08-11 True B001303 Rep. Blunt Rochester, Lisa [D-DE-At Large] Lisa Blunt Rochester D DE 0 2020-08-11 True G000592 Rep. Golden, Jared F. [D-ME-2] Jared Golden D ME F. 2 2020-08-11 True Agriculture and Food Agricultural prices, subsidies, credit Bank accounts, deposits, capital Banking and financial institutions regulation Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Rural conditions and development Small business Solid waste and recycling Water quality Water resources funding Water use and supply Agriculture and Food 00 2020-08-11 Introduced in House 2021-12-16T16:51:57Z Rural Equal Aid Act

This bill requires the Department of Agriculture (USDA) to pay the principal, interest, and any associated fees owed on loans made under certain rural development loan programs for a six-month period.

USDA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by USDA. USDA must waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.

]]> Rural Equal Aid Act Display Title Rural Equal Aid Act Short Title(s) as Introduced Rural Equal Aid Act Introduced in House IH Official Title as Introduced To authorize the Secretary of Agriculture to subsidize payments on loans made under certain rural development loan programs, and for other purposes. Introduced in House IH Introduced in House 2020-08-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7996ih/xml/BILLS-116hr7996ih.xml 2020-09-11 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.