,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #dih  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bh1          
#bjba,mrs4 ,axne 7= h]self1 ,mr4 ,gold51
 ,mr4 ,bald]son1 & ,ms4 ,blunt ,ro*e/]7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,agriculture  ,a ,,bill
  ,to au?orize ! ,secret>y (            
,agriculture to subsidize paym5ts on    
loans made "u c]ta9 rural developm5t    
loan programs1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,rural ,equal ,aid ,act4  #b4 ,subsidy =
 c]ta9 rural developm5t loan paym5ts    
7a7 ,def9ition ( cov]$ loan ,9 ?is      
section1 ! t]m cov]$ loan means a loan t
 is-- 7#a7 made by an int]m$i>y l5d] to 
an ultimate recipi5t us+ a loan receiv$ 
"u section #acbc ( ! ,food ,security    
,act ( #aihe 7#g ,u4,s4,c4 #aicb note2  
,public ,law #ii-aih7 or section #caj;,h
 ( ! ,consolidat$ ,f>m & ,rural         
,developm5t ,act 7#g ,u4,s4,c4 #aicf;b2 
,public ,law #aac-gi72  7#b7 made by a  
micro5t]prise developm5t organization to

 a micro5trepr5eur "u section #cgi;,e ( 
! ,consolidat$ ,f>m & ,rural ,developm5t
 ,act 7#g ,u4,s4,c4 #bjjhs72  7#c7 a    
community facility loan made or gu>ante$
 "u section #cjf7;a77#a7 ( !            
,consolidat$ ,f>m & ,rural ,developm5t  
,act2 or  7#d7 gu>ante$ "u section      
#caj;,b7g7 ( ! ,consolidat$ ,f>m &      
,rural ,developm5t ,act4  7b7 ,pr9cipal 
& int]e/ paym5ts  7#a7 ,9 g5]al ,!      
,secret>y ( ,agriculture 7ref]r$ to 9   
?is section z ! ,secret>y7 %all1 subject
 to p>agraph 7#b71 pay ! pr9cipal1      
int]e/1 & any associat$ fees t are ow$  
on a cov]$ loan 9 a regul> s]vic+       
/atus-- 7,a7 ) respect to a cov]$ loan  
made be=e ! date ( enactm5t ( ?is ,act &
 n on def]m5t1 = ! #i-mon? p]iod beg9n+ 
) ! next paym5t due on ! cov]$ loan2    
7,b7 ) respect to a cov]$ loan made be=e
 ! date ( enactm5t ( ?is ,act & on      
def]m5t1 = ! #i-mon? p]iod beg9n+ ) !   
next paym5t due on ! cov]$ loan aft] !  
def]m5t p]iod2 &  7,c7 ) respect to a   
cov]$ loan made dur+ ! p]iod beg9n+ on !

 date ( enactm5t ( ?is ,act & end+ on ! 
date t is #f mon?s aft] t date (        
enactm5t1 = ! #i-mon? p]iod beg9n+ ) !  
fir/ paym5t due on ! cov]$ loan4  7#b7  
,limitation on paym5t ,a s+le mon?ly    
paym5t ( pr9cipal1 int]e/1 & associat$  
fees made "u p>agraph 7#a7 ) respect to 
a cov]$ loan 9 ! la/ #c mon?s ( !       
#i-mon? p]iod describ$ 9 p>agraph 7#a7  
%all n exce$ #i1jjj4  7#c7 ,tim+ (      
paym5t ,! ,secret>y %all beg9 mak+      
paym5ts "u p>agraph 7#a7 on a cov]$ loan
 n lat] ?an #cj days aft] ! date on :i* 
! fir/ paym5t describ$ 9 t p>agraph is  
due4  7#d7 ,application ( paym5t ,any   
paym5t made by ! ,secret>y "u p>agraph  
7#a7 %all be appli$ to ! cov]$ loan su* 
t ! borr[] is reliev$ ( ! obligation to 
pay t am\nt4  7c7 ,o!r requirem5ts ,!   
,secret>y %all-- 7#a7 communicate &     
coord9ate ) ! ,f$]al ,deposit ,insurance
 ,corporation1 ! ,(fice ( ! ,comptroll] 
( ! ,curr5cy1 & ,/ate bank regulators to
 enc\rage ^? entities to n require l5d]s
 to increase _! res]ves on acc\nt (     

receiv+ paym5ts made by ! ,secret>y "u  
subsection 7b72  7#b7 waive /atutory    
limits on maximum loan maturities = any 
cov]$ loan durations :]e ! l5d] provides
 a def]ral & ext5ds ! maturity ( cov]$  
loans dur+ ! #a-ye> p]iod foll[+ ! date 
( enactm5t ( ?is ,act2 &  7#c7 :5       
necess>y to provide m "t because ( !    
pot5tial ( high] volumes1 travel        
re/rictions1 & ! inability to access "s 
prop]ties dur+ ! ,,covid-#ai p&emic1    
ext5d l5d] site visit requirem5ts to--  
7,a7 n m ?an #fj days 7:i* may be ext5d$
 at ! discretion ( ! ,secret>y7 aft] !  
occurr5ce ( an adv]se ev5t1 o!r ?an a   
paym5t default1 caus+ a loan to be      
classifi$ z 9 liquidation2 &  7,b7 n m  
?an #ij days aft] a paym5t default4  7d7
 ,effect ,no?+ 9 ?is section limits !   
au?ority ( ! ,secret>y to make paym5ts  
pursuant to subsection 7b7 ) respect to 
a cov]$ loan solely because ! cov]$ loan
 has be5 sold 9 ! second>y m>ket4