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Flexible Financing for Rural America Act of 2021
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Flexible Financing for Rural America Act of 202 1 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.
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Filing registrants (6)
2023 · first_quarter · Education
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Student loan relief provisions generally, including student loan payment pause; debt cancellation; and borrower defense to repayment discharges H.J.Res.45/S.J.Res.22, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to Waivers and Modifications of Federal Student Loans School Staff Workforce related issues including staff shortages, teacher diversity, teacher preparation and tutoring services, teacher apprenticeship Child Care and Pre-Kindergarten, generally Child care workforce issues, generally Recognizing Care Workers Enforcement of program integrity rules and efforts to identify low-value programs (higher education) Climate Change Education, Entirety DC voucher/SOAR FY2024 funding and policy provisions Postsecondary Student Success Grants (College completion) and funding Online program management companies, role in higher education and compliance with incentive compensation ban Green Ribbon Schools Act, Entirety Right to Read Act, Book Banning; and Academic Censorship related issues Income-driven repayment plans (student loans), including Administrative adjustment, regulations, and generally Career and Technical Education related issues Instructional spending metrics (institutions of higher education) Community School related issues S.385, Full Service Community Schools Expansion Act, Entirety Keeping All Students Safe Act, Entirety H.R.644, Student Loan Borrower Safety Net Act Transparency for Transfer Students Act H.R.1742, Pell Grant Sustainability Act Respond, Innovate, Succeed and Empower (RISE) Act S.978, Affordable College Textbook Act S.889, Protecting Students from Worthless Degrees Act Student Loan Tax Elimination Act Accreditation (higher education) issues School climate proposals, including Counseling Not Criminalization in Schools Act H. Amdt.128, Private school voucher proposals, including amendment 18 to H.R.5 Supporting Teaching Climate Education in Schools, Entirety H.Res.219, Parents and Students Bill of Rights, Entirety H.R.5, Parents Bill of Rights, Entirety Monitor the following: Public Law 117-328, Consolidated Appropriations Act, FY2023, Education/Health/Labor related issues broadly Public Law 117-169, Inflation Reduction Act, Broadband related issues; American Families Plan; Education provisions; and Climate generally Public Law 117-58, Infrastructure Investment and Jobs Act, Indoor Air Quality in Schools; Public Law 117-2, American Rescue Plan Act of 2021, Broadband E-rate related issues Public Law 117-200, Joint Consolidation Loan Separation Act Public Law 117-159, Bipartisan Safer Communities Act Public Service Loan Forgiveness (PSLF), Improvements and generally; Including PSLF waiver, regulations, and TEPSLF Loan Forgiveness for Educators Act Department of Education, Title IX Public Service Reward Act Teacher loan forgiveness programs, generally Electric Bus related issues TEACH (Teacher Education Assistance for College and Higher Education) Grant program related issues, generally The IDEA Full Funding Act Keep Our Promise to America's Children and Teachers (PACT) Act H.R.793/S.161, JOBS Act, Pell Grant issues H.R.496, Promoting Employment and Lifelong Learning (PELL) Act, Pell Grant issues H.R.1655, Jobs to Compete Act, Pell Grant issues Implementation of School Bus related issues; and Renew America Schools program Student Loan Servicing Reform and Consumer Protection related issues Borrower defense rule issues Second Chance at Public Service Loan Forgiveness Act HR.969/S.364, Guarantee Access to Arts and Music Education (GAAME) Act H.Res.119/S.Res.54, Expressing support for designation of March 2023 as Music in Our Schools Month Kids Online Safety Act School Safety issues, generally Public transparency for low financial-value postsecondary programs
Client expense: $410,000 · Firm income: Not reported
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Agriculture
Issues related to smart grid connectivity Rural broadband deployment and USDA ReConnect program Issues related to the Rural Utilities Service electric loan program Issues related to FY2023 Agriculture Appropriations H.R. 2244 and S. 978 RUS Repricing Legislation Issues related to RUS at USDA HR 5376: Inflation Reduction Act - Funding for USDA Electric Cooperative Program Issues related to a program at USDA for electric co-op clean energy deployment Issues related to forest health on USFS lands S. 5137, the Rural Internet Improvement Act and "issues related to broadband permitting" Issues related to implementation of IIJA broadband programs
Client expense: $716,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Agriculture
Issues related to smart grid connectivity Rural broadband deployment and USDA ReConnect program Issues related to the Rural Utilities Service electric loan program Issues related to FY2023 Agriculture Appropriations H.R. 2244 and S. 978 RUS Repricing Legislation Issues related to RUS at USDA HR 5376: Inflation Reduction Act - Funding for USDA Electric Cooperative Program Issues related to a program at USDA for electric co-op clean energy deployment Issues related to forest health on USFS lands
Client expense: $970,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Agriculture
Issues related to smart grid connectivity Rural broadband deployment and USDA ReConnect program Issues related to the Rural Utilities Service electric loan program Issues related to FY2023 Agriculture Appropriations H.R. 2244 and S. 978 RUS Repricing Legislation Issues related to RUS at USDA
Client expense: $1,080,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Agriculture
Rural broadband deployment and USDA ReConnect program Issues related to the Rural Utilities Service electric loan program Issues related to FY2023 Agriculture Appropriations H.R. 2244 and S. 978 RUS Repricing Legislation Issues related to RUS at USDA Issues related to a proposed voluntary USDA program to assist electric cooperatives in deploying clean energy sources.
Client expense: $160,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Energy/Nuclear
H.R. 3684- Infrastructure Investment and Jobs Act Discussions about infrastructure Discussions about broadband H.R. 1588 Hydropower Clean Energy Future Act S. 2306- Maintaining and Enhancing Hydroelectricity and River Restoration Act H.R. 4375- Twenty-First Century Dams Act Discussions about vegetation management and wildfire H.R. 5376- Build Back Better Act S.479- Local Infrastructure act H.R. 2634- LIFT Act S.978/H.R. 2244 Flexible Financing for Rural America Act
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Agriculture
Issues relating to the U.S. Forest Service H.R. 940 - Clearing Lines Along Electrical At-Risk Zones Act H.R. 939 - Combustion Avoidance Along Rural Roads Act Issues related to the Rural Utilities Service electric loan program Issues related to FY 2021 Agriculture Appropriations Rural broadband deployment Rural development and implementation of 2018 Farm Bill H.R. 2244 and S.978 RUS Repricing Legislation Issues related to RUS at USDA Issues related to a proposed voluntary USDA program to assist electric cooperatives in transitioning to cleaner energy sources (including in H.R. 5376, the Build Back Better Act).
Client expense: $600,000 · Firm income: Not reported
2021 · third_quarter · Energy/Nuclear
H.R. 4502, Energy and Water Development, and Related Agencies Appropriations S.2605 - Energy and Water Development and Related Agencies Appropriations Act H.R.848 - GREEN Act of 2021 S.1298 - Clean Energy for America Act H.R. 3684 Infrastructure Investment and Jobs Act H.R.5376 - Build Back Better Act S.978 / H.R.2244 - Flexible Financing for Rural America Act of 2021
Client expense: Not reported · Firm income: $13,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2021 · third_quarter · Agriculture
Issues relating to the U.S. Forest Service H.R. 940 - Clearing Lines Along Electrical At-Risk Zones Act H.R. 939 - Combustion Avoidance Along Rural Roads Act Issues related to the Rural Utilities Service electric loan program Issues related to FY 2021 Agriculture Appropriations Rural broadband deployment Rural development and implementation of 2018 Farm Bill H.R. 2244 and S.978 RUS Repricing Legislation Issues related to RUS at USDA Issues related to a proposed voluntary USDA program to assist electric cooperatives in transitioning to cleaner energy sources.
Client expense: $650,000 · Firm income: Not reported
2021 · second_quarter · Agriculture
H.R. 940 - Clearing Lines Along Electrical At-Risk Zones Act H.R. 939 - Combustion Avoidance Along Rural Roads Act Issues related to the Rural Utilities Service electric loan program Issues related to FY 2021 Agriculture Appropriations Rural broadband deployment Rural development and implementation of 2018 Farm Bill H.R. 2244 and S.978 RUS Repricing Legislation Issues related to RUS at USDA
Client expense: $740,000 · Firm income: Not reported
2021 · second_quarter · Agriculture
The association monitors agriculture policy as it relates to agencies that have jurisdiction over programs and funding for rural telecommunications, primarily the Rural Utilities Service (RUS). During the reporting period, the association focused on the following: S. 978 - A bill to provide for the adjustment or modification by the Secretary of Agriculture of loans for critical rural utility service providers, and for other purposes - all sections. H.R. 1291 - Reinforcing Utility Restoration After Losses (RURAL) Act - all sections. H.R. 2244 - A bill to provide for the adjustment or modification by the Secretary of Agriculture of loans for critical rural utility service providers, and for other purposes - all sections. H.R. 4374 - Broadband Internet Connections for Rural America Act - all sections. Legislative and regulatory issues related to authorizing all USDA Rural Development programs to support broadband infrastructure deployment.
Client expense: $160,000 · Firm income: Not reported
2021 · second_quarter · Agriculture
H.R. 2244, S. 978 Flexible Financing for Rural America Act.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · first_quarter · Taxation/Internal Revenue Code
Work Opportunity Tax Credit related issues - Reauthorization of Indian Employment Credit and EZ/ EC hiring credits; Administration Funding Labor HHS Bill; WOTC Permanent; HR 2213; HR 3301; S 978; CARES Act; Employee Retention Tax Credit; The HEROS Act; HR 133
Client expense: Not reported · Firm income: $47,000
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2021 · first_quarter · Budget/Appropriations
Work Opportunity Tax Credit related issues - Reauthorization of Indian Employment Credit and EZ/ EC hiring credits; Administration Funding Labor HHS Bill; WOTC Permanent; HR 2213; HR 3301; S 978; CARES Act; Employee Retention Tax Credit; The HEROS Act; HR 133
Client expense: Not reported · Firm income: $47,000
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2021 · first_quarter · Agriculture
The association monitors agriculture policy as it relates to agencies that have jurisdiction over programs and funding for rural telecommunications, primarily the Rural Utilities Service (RUS). During the reporting period, the association focused on the following: S. 978 - A bill to provide for the adjustment or modification by the Secretary of Agriculture of loans for critical rural utility service providers, and for other purposes - all sections. H.R. 1291 - Reinforcing Utility Restoration After Losses (RURAL) Act - all sections. H.R. 2244 - A bill to provide for the adjustment or modification by the Secretary of Agriculture of loans for critical rural utility service providers, and for other purposes - all sections. Legislative and regulatory issues related to authorizing all USDA Rural Development programs to support broadband infrastructure deployment.
Client expense: $110,000 · Firm income: Not reported
2021 · first_quarter · Agriculture
H.R. 1319, The American Rescue Plan of 2021 regarding provisions and amendments relating to RUS.. The American Jobs Plan regarding potential provisions relating to RUS. H.R. 2244, S. 978 regarding RUS loan authorities.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| HI |
| Cindy Hyde-Smith | Republican | MS |
| Cynthia M. Lummis | Republican | WY |
| Gary C. Peters | Democratic | MI |
| James M. Inhofe | Republican | OK |
| Jerry Moran | Republican | KS |
| John Barrasso | Republican | WY |
| John Boozman | Republican | AR |
| John Cornyn | Republican | TX |
| John Hoeven | Republican | ND |
| Jon Tester | Democratic | MT |
| Joni Ernst | Republican | IA |
| Kevin Cramer | Republican | ND |
| Kyrsten Sinema | Independent | AZ |
| Lindsey Graham | Republican | SC |
| Mark Kelly | Democratic | AZ |
| Mazie K. Hirono | Democratic | HI |
| Mike Rounds | Republican | SD |
| Raphael G. Warnock | Democratic | GA |
| Richard J. Durbin | Democratic | IL |
| Rick Scott | Republican | FL |
| Roger Marshall | Republican | KS |
| Shelley Moore Capito | Republican | WV |
| Steve Daines | Republican | MT |
| Tammy Baldwin | Democratic | WI |
| Thom Tillis | Republican | NC |
| Tim Scott | Republican | SC |
| Tommy Tuberville | Republican | AL |
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE
Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE