H.R.403: To repeal the Rural Electrification Act of 1936, require the sale of all loans made under such Act, and authorize the Secretary of Agriculture to make loans to electric generation and transmission cooperatives which are unable to obtain needed financing in the private sector.

About This Bill

Bill Summary

Repeals the Rural Electrification Act of 1936. Requires the sale of all loans made under such Act. Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to make loans to electric generation and transmission cooperatives which are unable to obtain private sector funding.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Agriculture.
Referred to the Subcommittee on Resource Conservation, Research and Forestry.
Jan. 4, 1995

Introduced in the House by Richard Zimmer (R-N.J.)

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