Reinforcing Utility Restoration After Losses (RURAL) Act
- Last Action
- 3/29/2021
Actions
- 2021-03-29Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
- 2021-02-24Referred to the House Committee on Agriculture.
- 2021-02-24Introduced in House
- 2021-02-24Introduced in House
CRS Summary
As of 2021-02-24 (00)
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.
Cosponsors (10)
- Tom Cole (R-OK)
- Dan Newhouse (R-WA)
- Michael Guest (R-MS)
- Troy Balderson (R-OH)
- Neal Dunn (R-FL)
- David McKinley (R-WV)
- Doug LaMalfa (R-CA)
- Dusty Johnson (R-SD)
- Mike Bost (R-IL)
- Clay Higgins (R-LA)
Subjects
- Agricultural prices, subsidies, credit
- Appropriations
- Cardiovascular and respiratory health
- Disaster relief and insurance
- Electric power generation and transmission
- Emergency medical services and trauma care
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Natural disasters
- Public utilities and utility rates
- Rural conditions and development
- Solid waste and recycling
- Water quality
- Water use and supply
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.