House Bill 1291
117th Congress(2021-2022)
Reinforcing Utility Restoration After Losses (RURAL) Act
Introduced
Introduced in House on Feb 24, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1291
Congress
117
Policy Area
Agriculture and Food
Agriculture and Food
Primary focus of measure is agricultural practices; agricultural prices and marketing; agricultural education; food assistance or nutrition programs; food industry, supply, and safety; aquaculture; horticulture and plants. Measures concerning international trade in agricultural products may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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.
February 24, 2021
03/29/2021
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
02/24/2021
Referred to the House Committee on Agriculture.
02/24/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:47:10 PM