H.R.498: Rural Equal Aid Act

About This Bill

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Bill Summary

Rural Equal Aid Act 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. 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. USDA must also encourage the Federal Deposit Insurance...

(Source: Library of Congress)

Bill Actions

Date Description
Feb. 24, 2021
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Jan. 28, 2021
Referred to the House Committee on Agriculture.
Jan. 28, 2021

Introduced in the House by Cynthia Axne (D-Iowa)

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