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H.R. 3773 — To amend the Rural Electrification Act of 1936 to return the Rural Electrification Administration to its original mission of providing credit to rural electric cooperatives which are unable to obtain needed financing in the private sector. | PoliFocus

H.R. 3773103th Congress

To amend the Rural Electrification Act of 1936 to return the Rural Electrification Administration to its original mission of providing credit to rural electric cooperatives which are unable to obtain needed financing in the private sector.

Subjects

Agriculture and Food

Summary

Amends the Rural Electrification Act of 1936 to restrict loan eligibility to only those persons unable to reasonably obtain sufficient credit elsewhere.

Authorizes the Administrator of the Rural Electrification Administration (REA) to determine appropriate interest rates for REA loans and advances.

Terminates: (1) rural telephone service loan authority; and (2) rural economic development authority.

Establishes loan priorities.

Full Text

Legislative Actions

1994-02-02
Introduced in House
1994-02-02
Introduced in House
1994-02-02
Referred to the House Committee on Agriculture.
1994-02-07
Referred to the Subcommittee on Environment, Credit and Rural Development.

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