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HR 4129 103th Congress House

Rural Credit and Development Act of 1994

Official title: To provide needed credit and financial services to rural residents, public services, and business enterprises, and for other purposes.

Introduced: July 19, 1994 See on congress.gov
Agriculture and Food Agricultural cooperativesAgricultural creditAgricultural economicsBank capital
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Bank loansCommerceCommunity development bankingEconomics and Public FinanceElectric power productionElectric power transmissionElectric utilitiesEnergyEnergy policyEnvironmental ProtectionFinance and Financial SectorHome equity loansHousing and Community DevelopmentHousing financeInfrastructure
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action July 21, 1994

Subcommittee Hearings Held.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 5
D
Fields, Cleo
Louisiana · Jul 19, 1994
 D
Scott, Robert C. "Bobby"
Virginia · Jul 19, 1994
 D
Clyburn, James E.
South Carolina · Apr 20, 1994
 D
Bishop, Sanford D.
Georgia · Apr 13, 1994
 D
Thompson, Bennie G.
Mississippi · Apr 13, 1994
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4129: Rural Credit and Development Act of 1994. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-4129/
MLA
"H.R. 4129: Rural Credit and Development Act of 1994." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-4129/.
Bluebook (legal)
H.R. 4129, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-4129/.
Markdown link
[H.R. 4129: Rural Credit and Development Act of 1994](https://openamerica.io/bill/103-HR-4129/)
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