HR 4129 103th Congress House Agriculture and Food Agricultural cooperatives Agricultural credit Agricultural economics Bank capital Bank loans Commerce Community development banking Economics and Public Finance Electric power production Electric power transmission Electric utilities Energy Energy policy Environmental Protection Finance and Financial Sector Home equity loans Housing and Community Development Housing finance Infrastructure

Rural Credit and Development Act of 1994

Introduced: March 24, 1994 See on congress.gov

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 21, 1994

Subcommittee Hearings Held.

Mar 31, 1994

Executive Comment Requested from USDA.

Mar 31, 1994

Referred to the Subcommittee on Environment, Credit and Rural Development.

Mar 24, 1994

Referred to the House Committee on Agriculture.

Mar 24, 1994

Sponsor introductory remarks on measure. (CR H2159-2160)

Mar 24, 1994

Introduced in House

Plain-English summary Congressional Research Service

TABLE OF CONTENTS:

Title I: Credit for Rural Business Enterprises

Title II: Credit for Rural Infrastructure

Title III: Credit for Rural Housing

Rural Credit and Development Act of 1994 - Title I: Credit for Rural Business Enterprises - Amends the Farm Credit Act of 1971 to permit farm credit banks and production credit associations to purchase loans and loan interests from non-Farm Credit System institutions.

Enlarges the scope of farm-related business for credit availability purposes.

Authorizes banks for cooperatives to provide loans and other financial services to entities providing certain farm-related services or products under specified conditions.

Title II: Credit for Rural Infrastructure - Authorizes Farm Credit banks to make community facility loans.

Authorizes banks for cooperatives to finance utility-related services.

Title III: Credit for Rural Housing - Enlarges rural housing credit availability by: (1) increasing eligible population areas; (2) increasing farm credit bank and production credit association loan portfolios for non-farmer rural housing loans; and (3) authorizing loans to rural residents for personal, family, or household needs other than housing finance.

What's happening now July 21, 1994

Subcommittee Hearings Held.

Committees of jurisdiction 2