PlainBillCongress, translated.Legislation. Context. Public interest.Favorable Executive Comment Received from USDA.
Congressional Research Service
Version 00 · Introduced in House · Sep 22, 1993
Rural Electrification Loan Restructuring Act of 1993 - Amends the Rural Electrification Act of 1936 to prescribe guidelines under which the Rural Electrification Administrator (the Administrator) shall make insured electric and telephone loans (including hardship, municipal rate, and cost of money loans). Repeals authority for the current two-percent interest hardship loan, setting such rate at five percent. Repeals authority for the current five-percent interest direct electric and telephone loan program. Caps both electric and telephone interest rates at seven percent, depending on specified circumstances. Directs the Administrator to approve State telecommunications modernization plans if they meet specified requirements. Prescribes guidelines for loans made by the Governor of a telephone bank in the rural telephone bank loan program. Authorizes appropriations for: (1) electric hardship loans; (2) electric municipal rate loans; (3) telephone hardship loans; and (4) telephone cost-of-money loans. Amends the parameters of the rural telephone bank loan program. Prohibits the Administrator and the Governor of the telephone bank from imposing any charges not expressly provided for in this Act in connection with any loan or guarantee made under this Act. Specifies circumstances under which the Administrator may use consultants funded by the borrower. Redefines the size of a statutorily defined rural area. Prescribes guidelines for: (1) distribution borrower eligibility for loans, loan guarantees, and lien accommodations; and (2) administrative prohibitions applicable to electric borrowers. Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to make loans for water and waste disposal facilities serving certain rural residents to any borrower to whom a loan has been made under the Rural Electrification Act of 1936. States that a borrower of a loan or loan guarantee under the Rural Electrification Act of 1936 is eligible for assistance under all programs administered by the Rural Development Administration.
People & committees
Rep. de la Garza, E. [D-TX-15] · D–TX
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Favorable Executive Comment Received from USDA.
Became Public Law No: 103-129.
Became Public Law No: 103-129.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Sponsor introductory remarks on measure. (CR E2437-2438)
Pursuant to the provisions of H. Con. Res. 160, enrollment corrections have been made.
Message on Senate action sent to the House.
Passed Senate without amendment by Voice Vote. (consideration: CR S13031)
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.(consideration: CR S13031)
Received in the Senate, read twice.
The title of the measure was amended. Agreed to without objection.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
DEBATE - The House proceeded with forty minutes of debate.
Considered under suspension of the rules. (consideration: CR H7127-7133)
Mr. de la Garza moved to suspend the rules and pass the bill, as amended.
Ordered to be Reported (Amended).
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Agriculture.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Feb 5, 2024. Consult Congress.gov for the current record.
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