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Rural Aid: Government to Pay Payments on Certain Loans

This act aims to assist rural residents and businesses using specific loan programs. The government, through the Secretary of Agriculture, can take over loan payments (principal, interest, and fees) for a 9-month period, potentially providing financial relief to beneficiaries.
Key points
The government can pay principal, interest, and fees on certain rural development loans for 9 months.
Assistance applies to loans from specific programs, including those for microenterprises and community facilities in rural areas.
A limit is placed on the monthly government payment amount in the last 3 months of the assistance period.
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Expired
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Additional Information
Print number: 117_HR_498
Sponsor: Rep. Axne, Cynthia [D-IA-3]
Process start date: 2021-01-28
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Rural Equal Aid Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_498.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-28.

What are the main provisions?

Key points include:

  • The government can pay principal, interest, and fees on certain rural development loans for 9 months.
  • Assistance applies to loans from specific programs, including those for microenterprises and community facilities in rural areas.
  • A limit is placed on the monthly government payment amount in the last 3 months of the assistance period.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Axne, Cynthia [D-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Agriculture Economy Public Investments