arrow_back Back to App

Rural Manufacturing Support: Loans and Forgiveness for Critical Infrastructure

This act establishes a new loan program for manufacturing businesses in rural areas that produce goods essential to critical infrastructure. These loans can be forgiven if the businesses meet job creation goals, aiming to boost economic development and employment in less populated regions.
Key points
Businesses manufacturing goods vital for critical infrastructure (e.g., energy, transport) in rural areas can apply for special loans.
Loans can be fully or partially forgiven if the business creates at least 75% of its planned jobs within 5 years.
Loan funds can be used for payroll, construction, permits, and other capital costs related to developing or expanding manufacturing sites in rural areas.
The program aims to increase employment and economic growth in rural regions while supporting the security of the nation's critical infrastructure.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6975
Sponsor: Rep. Davis, Rodney [R-IL-13]
Process start date: 2022-03-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Rural Investment in America Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6975.

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 2022-03-08.

What are the main provisions?

Key points include:

  • Businesses manufacturing goods vital for critical infrastructure (e.g., energy, transport) in rural areas can apply for special loans.
  • Loans can be fully or partially forgiven if the business creates at least 75% of its planned jobs within 5 years.
  • Loan funds can be used for payroll, construction, permits, and other capital costs related to developing or expanding manufacturing sites in rural areas.
  • The program aims to increase employment and economic growth in rural regions while supporting the security of the nation's critical infrastructure.
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. Davis, Rodney [R-IL-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

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

CATEGORIES

Economy Public Investments Labor