PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Congressional Research Service
Version 00 · Introduced in Senate · Jul 2, 2020
Flexible Financing for Rural America Act of 2020
This bill allows rural utility service providers to submit to the Department of Agriculture (USDA) a request to adjust the interest rate or modify the terms of certain loans. The request shall include a report summarizing how the adjustment or modification will assist the borrower in providing critical utility services to a rural community.
Specifically, on receipt of a request, USDA must
adjust the interest rate on the loan to match certain interest rates in effect when the bill is enacted for obligations of comparable maturity to the term remaining on the loan (or a higher rate requested by the borrower), and
make modifications to the loan terms as necessary to address changes in the financial position of the borrower due to the COVID-19 (i.e., coronavirus disease 2019) public health emergency and to promote the financial sustainability of the borrower.
In carrying out the adjustments or modifications, USDA shall not impose or collect any fee from, or impose any penalty on, a borrower.
The bill also provides funding to implement the adjustments and modifications.
People & committees
Sen. Hoeven, John [R-ND] · R–ND
Legislative record
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Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Introduced in Senate
Primary sources
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Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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