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   &lt;pre&gt;[Congressional Record Volume 167, Number 17 (Thursday, January 28, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mrs. AXNE:H.R. 498.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8 of the United StatesConstitution.[Page H250]&lt;/pre&gt;
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     Ed
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     Case
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     &lt;p&gt;&lt;b&gt;Rural Equal Aid Act &lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Department of Agriculture (USDA) to pay the principal, interest, and any associated fees owed on loans made under certain rural development loan programs for a nine-month period.&lt;/p&gt; &lt;p&gt;A single monthly payment of principal, interest, and associated fees with respect to a loan in the last three months of the nine-month period must not exceed $9,000.&lt;/p&gt; &lt;p&gt;USDA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by USDA. USDA must waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.&lt;/p&gt;
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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2021-02-24
Commodity Markets, Digital Assets, and Rural Development Subcommittee
hsag22
1
House committee actions
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Committee
H11100
2021-01-28
Agriculture Committee
hsag00
2
House floor actions
Referred to the House Committee on Agriculture.
IntroReferral
Intro-H
2021-01-28
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-01-28
9
Library of Congress
Introduced in House
IntroReferral
2021-01-28T14:12:05Z
Referred to
House
Agriculture Committee
2021-02-24T20:04:19Z
Referred to
Commodity Markets, Digital Assets, and Rural Development Subcommittee
hsag22
hsag00
Standing
G000592
2
Jared
Rep. Golden, Jared F. [D-ME-2]
Golden
F.
D
2021-01-28
ME
B001306
12
Troy
Rep. Balderson, Troy [R-OH-12]
Balderson
R
2021-01-28
OH
B001303
0
Lisa
Rep. Blunt Rochester, Lisa [D-DE-At Large]
Blunt Rochester
D
2021-01-28
DE
H001091
1
Ashley
Rep. Hinson, Ashley [R-IA-1]
Hinson
R
2021-02-02
IA
H001090
10
Josh
Rep. Harder, Josh [D-CA-10]
Harder
D
2021-02-18
CA
B001307
4
James
Rep. Baird, James R. [R-IN-4]
Baird
R.
R
2021-02-18
IN
C001055
1
Ed
Rep. Case, Ed [D-HI-1]
Case
D
2021-02-18
HI
F000446
4
Randy
Rep. Feenstra, Randy [R-IA-4]
Feenstra
R
2021-03-03
IA
R000395
5
HAROLD
Rep. Rogers, Harold [R-KY-5]
ROGERS
R
2021-03-03
KY
P000610
0
Stacey
Del. Plaskett, Stacey E. [D-VI-At Large]
Plaskett
E.
D
2022-03-08
VI
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-01-28
2021-02-24
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
House
Agriculture and Food
A000378
3
Cynthia
Rep. Axne, Cynthia [D-IA-3]
N
Axne
D
IA
Agricultural prices, subsidies, credit Bank accounts, deposits, capital Banking and financial institutions regulation Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Rural conditions and development Small business Solid waste and recycling Water quality Water resources funding Water use and supply
2021-01-28
Introduced in House
 <p><b>Rural Equal Aid Act </b></p> <p>This bill requires the Department of Agriculture (USDA) to pay the principal, interest, and any associated fees owed on loans made under certain rural development loan programs for a nine-month period.</p> <p>A single monthly payment of principal, interest, and associated fees with respect to a loan in the last three months of the nine-month period must not exceed $9,000.</p> <p>USDA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by USDA. USDA must waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.</p>
2021-12-10T19:28:59Z
00
2021-01-28T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr498ih/xml/BILLS-117hr498ih.xml
Rural Equal Aid Act
Rural Equal Aid Act
Display Title
IH
Introduced in House
To authorize the Secretary of Agriculture to subsidize payments on loans made under certain rural development loan programs, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Rural Equal Aid Act
Short Title(s) as Introduced
HR
2023-01-11T13:43:28Z
2023-01-11T13:43:28Z
3.0.0
2021-02-24
Commodity Markets, Digital Assets, and Rural Development Subcommittee
hsag22
1
House committee actions
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Committee
H11100
2021-01-28
Agriculture Committee
hsag00
2
House floor actions
Referred to the House Committee on Agriculture.
IntroReferral
Intro-H
2021-01-28
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-01-28
9
Library of Congress
Introduced in House
IntroReferral
A000378
3
Cynthia
Rep. Axne, Cynthia [D-IA-3]
N
Axne
D
IA
G000592
2
Jared
Rep. Golden, Jared F. [D-ME-2]
Golden
F.
D
2021-01-28
ME
B001306
12
Troy
Rep. Balderson, Troy [R-OH-12]
Balderson
R
2021-01-28
OH
B001303
0
Lisa
Rep. Blunt Rochester, Lisa [D-DE-At Large]
Blunt Rochester
D
2021-01-28
DE
H001091
1
Ashley
Rep. Hinson, Ashley [R-IA-1]
Hinson
R
2021-02-02
IA
H001090
10
Josh
Rep. Harder, Josh [D-CA-10]
Harder
D
2021-02-18
CA
B001307
4
James
Rep. Baird, James R. [R-IN-4]
Baird
R.
R
2021-02-18
IN
C001055
1
Ed
Rep. Case, Ed [D-HI-1]
Case
D
2021-02-18
HI
F000446
4
Randy
Rep. Feenstra, Randy [R-IA-4]
Feenstra
R
2021-03-03
IA
R000395
5
HAROLD
Rep. Rogers, Harold [R-KY-5]
ROGERS
R
2021-03-03
KY
P000610
0
Stacey
Del. Plaskett, Stacey E. [D-VI-At Large]
Plaskett
E.
D
2022-03-08
VI
Agricultural prices, subsidies, credit Bank accounts, deposits, capital Banking and financial institutions regulation Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Rural conditions and development Small business Solid waste and recycling Water quality Water resources funding Water use and supply
2021-01-28
Introduced in House
 <p><b>Rural Equal Aid Act </b></p> <p>This bill requires the Department of Agriculture (USDA) to pay the principal, interest, and any associated fees owed on loans made under certain rural development loan programs for a nine-month period.</p> <p>A single monthly payment of principal, interest, and associated fees with respect to a loan in the last three months of the nine-month period must not exceed $9,000.</p> <p>USDA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by USDA. USDA must waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.</p>
2021-12-10T19:28:59Z
00
Rural Equal Aid Act
Rural Equal Aid Act
Display Title
IH
Introduced in House
To authorize the Secretary of Agriculture to subsidize payments on loans made under certain rural development loan programs, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Rural Equal Aid Act
Short Title(s) as Introduced
2021-02-24
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.