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Support for Rural Utility Providers in Emergencies

This act aims to ensure continuous provision of essential services like electricity, water, and telecommunications in rural areas during natural disasters or other emergencies. This means rural residents can expect faster service restoration and fewer disruptions to their daily lives after outages.
Key points
Rural utility providers (electricity, water, telecommunications) can receive loans to cover losses after disasters.
Loans do not require repayment or interest accrual during the emergency and for 2 years after it ends.
A portion of the loan can be forgiven if the provider incurs uncollectible losses, provided they did not interrupt services due to non-payment.
A dedicated fund of $5 billion has been established to finance these loans, ensuring quick assistance in emergencies.
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Additional Information
Print number: 117_HR_1291
Sponsor: Rep. Crawford, Eric A. "Rick" [R-AR-1]
Process start date: 2021-02-24