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HR 2244 117th Congress House 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

Introduced: April 22, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 15, 2021
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Mar 29, 2021
Referred to the Subcommittee on Communications and Technology.
Mar 26, 2021
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.
Mar 26, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Flexible Financing for Rural America Act

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 or the Department of the Treasury (in the case of a loan owned by the Federal Financing Bank) must

  • adjust the interest rate on the loan to match certain interest rates 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 public health emergency and to promote the financial sustainability of the borrower.

In carrying out the adjustments or modifications, USDA or Treasury 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 and for the liquidation of residual intragovernmental amounts owed by the Federal Financing Bank in connection with certain loans.

What's happening now June 15, 2021

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

 Related & companion bills 1
  • S 978 Related bill Flexible Financing for Rural America Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 195
All 195 Democratic 53 Republican 87
D
Khanna, Ro
California · Oct 11, 2022
 D
Lieu, Ted
California · Jul 19, 2022
 D
Carbajal, Salud O.
California · Jun 17, 2022
Wexton, Jennifer
· Jun 13, 2022
 D
DelBene, Suzan K.
Washington · Jun 7, 2022
 D
Neguse, Joe
Colorado · Jun 7, 2022
 D
Slotkin, Elissa
Michigan · May 19, 2022
Palazzo, Steven
· May 17, 2022
DEFAZIO, PETER
· May 10, 2022
Maloney, Sean
· May 10, 2022
 R
Rogers, Harold
Kentucky · May 10, 2022
 R
Simpson, Michael K.
Idaho · May 10, 2022
 R
Stefanik, Elise M.
New York · May 10, 2022
 D
Suozzi, Thomas R.
New York · May 10, 2022
 D
Horsford, Steven
Nevada · Apr 26, 2022
Burgess, Michael
· Mar 31, 2022
 D
Case, Ed
Hawaii · Mar 29, 2022
 D
Dingell, Debbie
Michigan · Mar 28, 2022
 D
Beatty, Joyce
Ohio · Mar 15, 2022
 D
Kelly, Robin L.
Illinois · Mar 15, 2022
 R
Carey, Mike
Ohio · Jan 28, 2022
 D
McBath, Lucy
Georgia · Jan 18, 2022
Eshoo, Anna
· Jan 12, 2022
 D
McCollum, Betty
Minnesota · Dec 8, 2021
 D
Meng, Grace
New York · Oct 8, 2021
 R
Miller-Meeks, Mariannette
Iowa · Sep 28, 2021
 D
Scott, Robert C. "Bobby"
Virginia · Aug 31, 2021
 R
Guthrie, Brett
Kentucky · Aug 20, 2021
 D
Krishnamoorthi, Raja
Illinois · Aug 20, 2021
RYAN, TIM
· Aug 6, 2021
UPTON, FRED
· Aug 6, 2021
 D
Vargas, Juan
California · Aug 6, 2021
 R
Kelly, Mike
Pennsylvania · Jul 28, 2021
Bucshon, Larry
· Jul 20, 2021
Kinzinger, Adam
· Jul 20, 2021
 R
Smucker, Lloyd
Pennsylvania · Jul 20, 2021
 D
Brownley, Julia
California · Jul 19, 2021
Armstrong, Kelly
· Jun 30, 2021
 D
Auchincloss, Jake
Massachusetts · Jun 30, 2021
Cawthorn, Madison
· Jun 30, 2021
Ferguson, A.
· Jun 30, 2021
Herrell, Yvette
· Jun 30, 2021
 R
Higgins, Clay
Louisiana · Jun 30, 2021
LaTurner, Jake
· Jun 30, 2021
 R
Mast, Brian J.
Florida · Jun 30, 2021
 R
Moore, Blake D.
Utah · Jun 30, 2021
PRICE, DAVID
· Jun 30, 2021
 R
Reschenthaler, Guy
Pennsylvania · Jun 30, 2021
 D
Sewell, Terri A.
Alabama · Jun 30, 2021
 R
Van Drew, Jefferson
New Jersey · Jun 30, 2021
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2244: Flexible Financing for Rural America Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2244/
MLA
"H.R. 2244: Flexible Financing for Rural America Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2244/.
Bluebook (legal)
H.R. 2244, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2244/.
Markdown link
[H.R. 2244: Flexible Financing for Rural America Act](https://openamerica.io/bill/117-HR-2244/)
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