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HR 7483 116th Congress House Agriculture and Food Agricultural prices, subsidies, credit Cardiovascular and respiratory health Electric power generation and transmission Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Interest, dividends, interest rates Internet and video services Internet, web applications, social media Public utilities and utility rates Rural conditions and development Telephone and wireless communication

Flexible Financing for Rural America Act of 2020

Introduced: July 21, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 3, 2020
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Jul 2, 2020
Referred to the Committee on Agriculture, and in addition to the Committees on Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 2, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Flexible Financing for Rural America Act of 2020

This bill allows rural utility service providers to submit to the Department of Agriculture (USDA) a request to adjust the interest rate or modify the terms of certain loans. The request shall include a report summarizing how the adjustment or modification will assist the borrower in providing critical utility services to a rural community.

Specifically, on receipt of a request, USDA must

  • adjust the interest rate on the loan to match certain interest rates in effect when the bill is enacted for obligations of comparable maturity to the term remaining on the loan (or a higher rate requested by the borrower), and
  • make modifications to the loan terms as necessary to address changes in the financial position of the borrower due to the COVID-19 (i.e., coronavirus disease 2019) public health emergency and to promote the financial sustainability of the borrower.

In carrying out the adjustments or modifications, USDA shall not impose or collect any fee from, or impose any penalty on, a borrower.

The bill also provides funding to implement the adjustments and modifications.

What's happening now September 3, 2020

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

 Related & companion bills 1
  • S 4152 Related bill Flexible Financing for Rural America Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 106
All 106 Democratic 27 Republican 38
Lamb, Conor
· Nov 16, 2020
 D
Larsen, Rick
Washington · Nov 16, 2020
 D
Neguse, Joe
Colorado · Oct 27, 2020
 R
Wittman, Robert J.
Virginia · Oct 27, 2020
Gabbard, Tulsi
· Oct 23, 2020
 D
Garamendi, John
California · Oct 23, 2020
 R
Emmer, Tom
Minnesota · Oct 16, 2020
 D
Beatty, Joyce
Ohio · Oct 2, 2020
Byrne, Bradley
· Oct 2, 2020
Roby, Martha
· Oct 2, 2020
 R
Tiffany, Thomas P.
Wisconsin · Oct 2, 2020
 R
Aderholt, Robert B.
Alabama · Sep 29, 2020
 R
Kelly, Trent
Mississippi · Sep 29, 2020
 R
Scott, Austin
Georgia · Sep 29, 2020
 R
Smith, Jason
Missouri · Sep 29, 2020
 D
Tonko, Paul
New York · Sep 29, 2020
 R
Babin, Brian
Texas · Sep 24, 2020
 D
Kim, Andy
New Jersey · Sep 24, 2020
 D
Norcross, Donald
New Jersey · Sep 24, 2020
 R
Rogers, Mike D.
Alabama · Sep 24, 2020
 D
Lieu, Ted
California · Sep 21, 2020
Rice, Kathleen
· Sep 21, 2020
 D
Ruiz, Raul
California · Sep 21, 2020
RUSH, BOBBY
· Sep 21, 2020
Bishop, Dan
· Sep 11, 2020
Bustos, Cheri
· Sep 11, 2020
 R
Graves, Sam
Missouri · Sep 11, 2020
 D
Luján, Ben Ray
New Mexico · Sep 11, 2020
 D
Pocan, Mark
Wisconsin · Sep 11, 2020
Vela, Filemon
· Sep 11, 2020
Wexton, Jennifer
· Sep 11, 2020
 D
Craig, Angie
Minnesota · Sep 8, 2020
 R
Hudson, Richard
North Carolina · Sep 8, 2020
Johnson, Bill
· Sep 8, 2020
 D
Plaskett, Stacey E.
Virgin Islands · Sep 8, 2020
Yoho, Ted
· Sep 8, 2020
 R
Carter, Earl L. "Buddy"
Georgia · Sep 1, 2020
 D
Clarke, Yvette D.
New York · Sep 1, 2020
 D
Davis, Danny K.
Illinois · Sep 1, 2020
DEFAZIO, PETER
· Sep 1, 2020
Fudge, Marcia
· Sep 1, 2020
Loebsack, David
· Sep 1, 2020
McKinley, David
· Sep 1, 2020
 R
Meuser, Daniel
Pennsylvania · Sep 1, 2020
SHIMKUS, JOHN
· Sep 1, 2020
 R
Steube, W. Gregory
Florida · Sep 1, 2020
 R
Thompson, Glenn
Pennsylvania · Sep 1, 2020
 R
Balderson, Troy
Ohio · Aug 21, 2020
 R
Jordan, Jim
Ohio · Aug 21, 2020
Keller, Fred
· Aug 21, 2020
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7483: Flexible Financing for Rural America Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7483/
MLA
"H.R. 7483: Flexible Financing for Rural America Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7483/.
Bluebook (legal)
H.R. 7483, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7483/.
Markdown link
[H.R. 7483: Flexible Financing for Rural America Act of 2020](https://openamerica.io/bill/116-HR-7483/)
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