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S 4152 116th Congress Senate Agriculture and Food Agricultural prices, subsidies, credit Appropriations Cardiovascular and respiratory health Department of Agriculture Electric power generation and transmission Emergency medical services and trauma care Executive agency funding and structure 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 2, 2020 Introduced by: Hoeven, John Republican · North Dakota 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 2, 2020
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Jul 2, 2020
Introduced in Senate
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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 July 2, 2020

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

 Related & companion bills 1
  • HR 7483 Related bill Flexible Financing for Rural America Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 19
All 19 Democratic 7 Republican 12
D
Kelly, Mark
Arizona · Dec 17, 2020
 R
Capito, Shelley Moore
West Virginia · Sep 30, 2020
 D
Schatz, Brian
Hawaii · Sep 30, 2020
 R
Risch, James E.
Idaho · Sep 22, 2020
 R
Ernst, Joni
Iowa · Sep 16, 2020
 D
Hirono, Mazie K.
Hawaii · Aug 12, 2020
 R
Cornyn, John
Texas · Aug 11, 2020
 R
Moran, Jerry
Kansas · Aug 11, 2020
 R
Daines, Steve
Montana · Aug 4, 2020
 R
Scott, Tim
South Carolina · Aug 4, 2020
 D
Peters, Gary C.
Michigan · Jul 30, 2020
 D
Baldwin, Tammy
Wisconsin · Jul 28, 2020
 D
Klobuchar, Amy
Minnesota · Jul 28, 2020
 R
Rounds, Mike
South Dakota · Jul 28, 2020
 R
Cramer, Kevin
North Dakota · Jul 23, 2020
 R
Barrasso, John
Wyoming · Jul 21, 2020
 R
Tillis, Thomas
North Carolina · Jul 21, 2020
 R
Boozman, John
Arkansas · Jul 2, 2020
 D
Smith, Tina
Minnesota · Jul 2, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4152: Flexible Financing for Rural America Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4152/
MLA
"S. 4152: Flexible Financing for Rural America Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4152/.
Bluebook (legal)
S. 4152, 116th Cong. (2026), https://openamerica.io/bill/116-S-4152/.
Markdown link
[S. 4152: Flexible Financing for Rural America Act of 2020](https://openamerica.io/bill/116-S-4152/)
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