,i #aai? ,,congress #a/ ,session ,h4 ,r4 #abdf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #ab1 #bjbe,mrs4 ,fis*ba* 7= h]self1 ,mr4 ,f9/ad1 & ,mr4 ,davis ( ,nor? ,c>ol9a7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,agriculture ,a ,,bill ,to am5d ! ,f>m ,cr$it ,act ( #aiga to provide support = facilities provid+ heal?c>e1 education1 *ild c>e1 public safety1 & o!r vital s]vices 9 rural areas4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,inve/+ 9 ,rural ,am]ica ,act ( #bjbe4 #b4 ,au?ority ( f>m cr$it sy/em in/itutions to provide f9ancial support = ess5tial rural community facilities projects 7a7 ,9 g5]al ,! ,f>m ,cr$it ,act ( #aiga is am5d$ by ins]t+ aft] section #d4ah;,a 7#ab ,u4,s4,c4 #bbjf;a7 ! foll[+3 #d4ah4 ,ess5tial community facilities 7a7 ,9 g5]al ,a ,f>m ,cr$it ,bank1 direct l5d] association1 or bank = coop]atives *>t]$ "u ?is ,act may1 = ! purpose ( mak+ available capital to develop1 build1 ma9ta91 improve1 or provide relat$ equipm5t or o!r support = ess5tial community facilities 9 rural areas1 make & p>ticipate 9 loans & commitm5ts1 & ext5d o!r te*nical & f9ancial assi/ance = projects = ess5tial community facilities eligible = f9anc+ "u section #cjf7;a7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act4 7b7 ,eligibility ,only an entity eligible = f9anc+ "u section #cjf7;a7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act may receive f9anc+ or any o!r assi/ance "u subsection 7a7 ( ?is section4 7c7 ,limitations 7#a7 ,f9anc+ ,a ,f>m ,cr$it ,sy/em in/itution describ$ 9 subsection 7a7 %all n provide f9anc+ or assi/ance "u ?is section 9 an aggregate am\nt t exce$s #ae p]c5t ( ! total ( all out/&+ loans ( ! in/itution4 7#b7 ,(f] requirem5t 7,a7 ,9 g5]al ,a ,f>m ,cr$it ,sy/em in/itution %all n provide f9anc+ or assi/ance "u ?is section unless ! in/itution-- 7i7 has (f]$1 "u reasonable t]ms & conditions acceptable to ! borr[] involv$1 an int]e/ 9 ! f9anc+ to at lea/ #a dome/ic l5d+ in/itution n ref]r$ to 9 subsection 7a7 o!r ?an ! ,dep>tm5t ( ,agriculture2 & 7ii7 has report$ ! (f] to ! ,f>m ,cr$it ,adm9i/ration4 7,b7 ,rural community bank priority ,9 (f]+ an int]e/ 9 a f9anc+ to a dome/ic l5d+ in/itution describ$ 9 subp>agraph 7,a77i71 ! ,f>m ,cr$it ,sy/em in/itution %all give priority to community banks locat$ 9 ! s]vice area ( ! ess5tial community facility be+ f9anc$4 7d7 ,annual report to ,congress ,)9 #a ye> aft] ! date ( ! enactm5t ( ?is section & annually !reaft]1 ! ,f>m ,cr$it ,adm9i/ration %all provide a report to ! ,committee on ,agriculture ( ! ,h\se ( ,repres5tatives & ! ,committee on ,agriculture1 ,nutrition1 & ,=e/ry ( ! ,s5ate on ! activities und]tak5 pursuant to ?is section by ,f>m ,cr$it ,sy/em in/itutions dur+ ! p]iod cov]$ by ! report1 includ+ ?r\gh p>tn]%ips betwe5 su* an in/itution & o!r l5d+ in/itutions1 :i* %all also be po/$ on ! website ( ! ,f>m ,cr$it ,adm9i/ration4 4 7b7 ,effective date ,! am5dm5t made by subsection 7a7 %all take effect on ,octob] #a1 #bjbe4