Reinforcing Utility Restoration After Losses (RURAL) Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 24, 2021)
Reinforcing Utility Restoration After Losses (RURAL) Act
This bill provides authority and funding for the Department of Agriculture to establish a loan program for certain rural utility service providers (e.g., electric, telecommunications, or waste disposal service providers) to replace specified losses during a federally declared disaster or emergency.
During such a disaster or emergency, interest on the loan shall not accrue, and repayment of principal shall not be required. Borrowers may qualify for partial loan forgiveness if certain requirements are met.
The bill also establishes and provides funding for a Rural Utility Bridge Loan Fund to implement the program.
What just happenedMar 29, 2021
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Who’s behind it
- Introduced in HouseFeb 24, 2021
- Mar 29, 2021Committee
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee - Feb 24, 2021IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Feb 24, 2021IntroReferralIntro-H
Introduced in House
- Feb 24, 2021IntroReferral1000
Introduced in House