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HR 7996 116th Congress House Agriculture and Food Agricultural prices, subsidies, credit Bank accounts, deposits, capital Banking and financial institutions regulation Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Rural conditions and development Small business Solid waste and recycling Water quality Water resources funding Water use and supply

Rural Equal Aid Act

Introduced: August 11, 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 11, 2020
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Aug 11, 2020
Referred to the House Committee on Agriculture.
Aug 11, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Rural Equal Aid Act

This bill requires the Department of Agriculture (USDA) to pay the principal, interest, and any associated fees owed on loans made under certain rural development loan programs for a six-month period.

USDA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by USDA. USDA must waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.

What's happening now September 11, 2020

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

 Related & companion bills 1
  • S 4470 Related bill Rural Equal Aid Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 2 Republican 2
R
Balderson, Troy
Ohio · Aug 11, 2020
 D
Blunt Rochester, Lisa
Delaware · Aug 11, 2020
 D
Golden, Jared F.
Maine · Aug 11, 2020
 R
Scott, Austin
Georgia · Aug 11, 2020
Tipton, Scott
· Aug 11, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7996: Rural Equal Aid Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7996/
MLA
"H.R. 7996: Rural Equal Aid Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7996/.
Bluebook (legal)
H.R. 7996, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7996/.
Markdown link
[H.R. 7996: Rural Equal Aid Act](https://openamerica.io/bill/116-HR-7996/)
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