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HOUSE 1246119th CongressReferred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Investing in Rural America Act of 2025

Last Action
3/20/2025

Actions

  • 2025-03-20Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
  • 2025-03-20Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • 2025-02-12Referred to the House Committee on Agriculture.
  • 2025-02-12Introduced in House
  • 2025-02-12Introduced in House

CRS Summary

As of 2025-02-12 (00)

Investing in Rural America Act of 2025

This bill allows Farm Credit System (FCS) institutions to make and participate in loans and commitments (and extend other technical and financial 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 related equipment or 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 total of all outstanding loans of the institution. Further, an FCS institution must (1) offer at least one non-FCS lending institution an interest in the financing under reasonable terms and conditions acceptable to the borrower, and (2) report the offer to the Farm Credit Administration (FCA).

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 administration's website.

Cosponsors (20)

  • Brad Finstad (R-MN)
  • Donald Davis (D-NC)
  • Sanford Bishop (D-GA)
  • Tracey Mann (R-KS)
  • Eric Sorensen (D-IL)
  • Nikki Budzinski (D-IL)
  • Robert Wittman (R-VA)
  • Eugene Vindman (D-VA)
  • Zachary Nunn (R-IA)
  • Jill Tokuda (D-HI)
  • Derrick Van Orden (R-WI)
  • Jasmine Crockett (D-TX)
  • Tony Wied (R-WI)
  • David Valadao (R-CA)
  • Thomas Tiffany (R-WI)
  • Pete Stauber (R-MN)
  • Josh Harder (D-CA)
  • April McClain Delaney (D-MD)
  • James Baird (R-IN)
  • Mark Alford (R-MO)
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.