118th Congress Agriculture and Food
H.R. 4736: Investing in Rural America Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill allows Farm Credit System (FCS) institutions to provide financing and technical assistance for essential community facility projects as part of the Department of Agriculture's Community Facilities Direct Loan & Grant Program. (This program provides funding to develop essential community facilities in rural areas.)
The FCS financing and technical assistance may be provided in order to make capital available to develop, build, maintain, improve, or provide other support for essential community facilities in rural communities (e.g., certain facilities that provide healthcare, community support, public safety, educational, or utility services).
Under the bill, the financing provided by an FCS institution may not exceed 15% of the institution’s total assets unless the FCS institution offers at least one non-FCS lending institution an interest in the financing under reasonable terms and conditions acceptable to the borrower. The FCS institution must also report the offer to the Farm Credit Administration (FCA).
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The FCA must submit an annual report to Congress on the activities undertaken by FCS institutions under this bill, including through the partnerships between FCS institutions and other lending institutions. The FCA must post the report on the agency's website.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Yadira Caraveo D-COOriginal
- Donald Davis D-NCOriginal
- Brad Finstad R-MNOriginal
- Nicole (Nikki) Budzinski D-IL
- Tracey Mann R-KS
- Mary Miller R-IL
- Eric Sorensen D-IL
- Zachary (Zach) Nunn R-IA
- Andrea Salinas D-OR
- Angie Craig D-MN
- Lloyd Smucker R-PA
- Jill Tokuda D-HI
- David Valadao R-CA
- Sanford Bishop D-GA
- Katherine Cammack R-FL
- Jasmine Crockett D-TX
- Pete Stauber R-MN
- Josh Harder D-CA
- Derrick Van Orden R-WI
- David Trone D-MD
- Nicholas Langworthy R-NY
- Lori Chavez-DeRemer R-OR
Who scored on this bill
- 1Michelle Fischbach SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Michelle Fischbach.
Show the full action history (3 actions)
- Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
- Introduced in House
- Referred to the House Committee on Agriculture.