S 912
100th Congress
Senate
Agriculture and Food
Agricultural credit
Agricultural economics
Agriculture and Rural Affairs
Electric power
Energy
Government lending
Rural affairs legislation
Rural electrification
A bill to amend the Rural Electrification Act of 1936 to permit the prepayment of Federal financing bank loans made to rural electrification and telephone systems, and for other purposes.
Introduced: April 3, 1987
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 1987
Referred to Subcommittee on Rural Development, Electrification.
Apr 3, 1987
Read twice and referred to the Committee on Agriculture.
Apr 3, 1987
Introduced in Senate
Plain-English summary
Amends the Rural Electrification Act of 1936 to permit Rural Electrification Administration borrowers to prepay Federal Financing Bank loans without penalties if: (1) private capital is used to replace such loans; and (2) any savings will be used to avoid future rate increases, passed on to customers, or used to improve the borrower's financial strength.
What's happening now
Referred to Subcommittee on Rural Development, Electrification.
Committees of jurisdiction
2
Cosponsors
1