HOUSE 2228116th CongressReferred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

To offer persistent poverty counties and political subdivisions of such counties the opportunity to have their rural development loans restructured.

Last Action: 5/7/2019

Actions

2019-05-07Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2019-04-11Referred to the Subcommittee on Communications and Technology.
2019-04-10Referred to the Committee on Agriculture, and in addition to the Committees on Financial Services, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-04-10Referred to the Committee on Agriculture, and in addition to the Committees on Financial Services, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-04-10Referred to the Committee on Agriculture, and in addition to the Committees on Financial Services, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-04-10Introduced in House
2019-04-10Introduced in House

CRS Summary

As of 2019-04-10 (00)

This bill allows persistent poverty counties and political subdivisions of the counties to restructure certain Department of Agriculture rural development loans so that the interest rate is 0% and the loan term is 40 years.

A "persistent poverty county" is a county that has had at least 20% of its population living in poverty over the past 30 years, as measured by the 1990, 2000, and 2010 decennial censuses.

Subjects

Census and government statistics
Government lending and loan guarantees
Poverty and welfare assistance
Rural conditions and development

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