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Investing in Rural America Act of 2025
To amend the Farm Credit Act of 1971 to provide support for facilities providing healthcare, education, child care, public safety, and other vital services in rural areas.
Summary
This bill amends the Farm Credit Act of 1971 to allow Farm Credit System institutions to make loans and provide financial assistance for essential community facilities in rural areas, including healthcare, education, child care, and public safety facilities. Eligible borrowers are those who qualify under the Consolidated Farm and Rural Development Act's Section 306(a) program. Farm Credit institutions may not provide more than 15 percent of their total outstanding loans under this authority and must first offer a participation interest to at least one domestic community bank in the service area. The bill requires Farm Credit institutions to report these offerings to the Farm Credit Administration and directs the Administration to provide annual reports to Congress on the financing activities. The provisions become effective October 1, 2025.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
26 cosponsors
- Rep. Alford, Mark [R-MO-4] (R-MO)
- Rep. Baird, James R. [R-IN-4] (R-IN)
- Rep. Bilirakis, Gus M. [R-FL-12] (R-FL)
- Rep. Bishop, Sanford D. [D-GA-2] (D-GA)
- Rep. Budzinski, Nikki [D-IL-13] (D-IL)
- Rep. Cammack, Kat [R-FL-3] (R-FL)
- Rep. Crockett, Jasmine [D-TX-30] (D-TX)
- Rep. Davis, Donald G. [D-NC-1] (D-NC)
- Rep. Fine, Randy [R-FL-6] (R-FL)
- Rep. Finstad, Brad [R-MN-1] (R-MN)
- Rep. Harder, Josh [D-CA-9] (D-CA)
- Rep. Mann, Tracey [R-KS-1] (R-KS)
- Rep. McClain Delaney, April [D-MD-6] (D-MD)
- Rep. McDonald Rivet, Kristen [D-MI-8] (D-MI)
- Rep. Mills, Cory [R-FL-7] (R-FL)
- Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Rep. Sorensen, Eric [D-IL-17] (D-IL)
- Rep. Stauber, Pete [R-MN-8] (R-MN)
- Rep. Tiffany, Thomas P. [R-WI-7] (R-WI)
- Rep. Tokuda, Jill N. [D-HI-2] (D-HI)
- Rep. Valadao, David G. [R-CA-22] (R-CA)
- Rep. Van Orden, Derrick [R-WI-3] (R-WI)
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA)
- Rep. Wied, Tony [R-WI-8] (R-WI)
- Rep. Wittman, Robert J. [R-VA-1] (R-VA)
- Rescom. Hernández, Pablo Jose [D-PR-At Large] (D-PR)
Actions (4)
- Mar 20, 2025 Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development. · house
- Mar 20, 2025 Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. · house
- Feb 12, 2025 Referred to the House Committee on Agriculture. · house
- Feb 12, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 12, 2025
Mrs. Fischbach (for herself, Mr. Finstad, and Mr. Davis of North Carolina) introduced the following bill; which was referred to the Committee on Agriculture
A BILL
To amend the Farm Credit Act of 1971 to provide support for facilities providing healthcare, education, child care, public safety, and other vital services in rural areas.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Investing in Rural America Act of 2025”.
SEC. 2. AUTHORITY OF FARM CREDIT SYSTEM INSTITUTIONS TO PROVIDE FINANCIAL SUPPORT FOR ESSENTIAL RURAL COMMUNITY FACILITIES PROJECTS.
(a) In General.—The Farm Credit Act of 1971 is amended by inserting after section 4.18A (12 U.S.C. 2206a) the following:
“SEC. 4.18. ESSENTIAL COMMUNITY FACILITIES.
“(a) In General.—A Farm Credit Bank, direct lender association, or bank for cooperatives chartered under this Act may, for the purpose of making available capital to develop, build, maintain, improve, or provide related equipment or other support for essential community facilities in rural areas, make and participate in loans and commitments, and extend other technical and financial assistance for projects for essential community facilities eligible for financing under section 306(a) of the Consolidated Farm and Rural Development Act.
“(b) Eligibility.—Only an entity eligible for financing under section 306(a) of the Consolidated Farm and Rural Development Act may receive financing or any other assistance under subsection (a) of this section.
“(c) Limitations.—
“(1) Financing.—A Farm Credit System institution described in subsection (a) shall not provide financing or assistance under this section in an aggregate amount that exceeds 15 percent of the total of all outstanding loans of the institution.
“(2) Offer requirement.—
“(A) In general.—A Farm Credit System institution shall not provide financing or assistance under this section unless the institution—
“(i) has offered, under reasonable terms and conditions acceptable to the borrower involved, an interest in the financing to at least 1 domestic lending institution not referred to in subsection (a) other than the Department of Agriculture; and
“(ii) has reported the offer to the Farm Credit Administration.
“(B) Rural community bank priority.—In offering an interest in a financing to a domestic lending institution described in subparagraph (A)(i), the Farm Credit System institution shall give priority to community banks located in the service area of the essential community facility being financed.
“(d) Annual Report to Congress.—Within 1 year after the date of the enactment of this section and annually thereafter, the Farm Credit Administration shall provide a report to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate on the activities undertaken pursuant to this section by Farm Credit System institutions during the period covered by the report, including through partnerships between such an institution and other lending institutions, which shall also be posted on the website of the Farm Credit Administration.”.
(b) Effective Date.—The amendment made by subsection (a) shall take effect on October 1, 2025. <all>
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