To provide for a limitation on availability of funds for US Department of Agriculture, Rural Business-Cooperative Service, Rural Econoic Development Loans Program Account for fiscal year 2024.
HR 2280 limits funding for the USDA's Rural Economic Development Loans Program to $50 million for fiscal year 2024. This bill directly affects rural communities and businesses that rely on these loans for economic development projects. The key provision is a strict cap on available funds, preventing the program from exceeding this $50 million maximum. It does not change program eligibility or operations, only restricting the total amount of money that can be spent. This is a straightforward funding limitation with no other provisions.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
President
Introduced Mar 29, 2023
Last action May 15, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
May 15, 2023
Committee
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
lower
Mar 29, 2023
Committee
Referred to the House Committee on Agriculture.
lower
Mar 29, 2023
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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