Reinforcing Utility Restoration After Losses (RURAL) Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 20, 2020)
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 happenedSep 3, 2020
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Who’s behind it
- Introduced in HouseJul 20, 2020
- Sep 3, 2020Committee
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee - Jul 20, 2020IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Jul 20, 2020IntroReferralIntro-H
Introduced in House
- Jul 20, 2020IntroReferral1000
Introduced in House