H.R. 1246 Introduced Agriculture and Food

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Fischbach, Michelle [R-MN-7] Introduced February 12, 2025 Cosponsors 26 (11 D, 15 R) Latest action March 20, 2025

Summary

Investing in Rural America Act of 2025
This bill allows Farm Credit System (FCS) institutions to make and participate in loans and commitments (and extend other technical and financial assistance) for essential community facility projects as part of the Department of Agriculture's Community Facilities Direct Loan & Grant Program. This program provides funding to develop essential community facilities in rural areas.
The FCS financing and technical assistance may be provided in order to make capital available to develop, build, maintain, improve, or provide related equipment or other support for essential community facilities in rural communities (e.g., certain facilities that provide healthcare, community support, public safety, educational, or utility services).
Under the bill, the financing provided by an FCS institution may not exceed 15% of the total of all outstanding loans of the institution. Further, an FCS institution must (1) offer at least one non-FCS lending institution an interest in the financing under reasonable terms and conditions acceptable to the borrower, and (2) report the offer to the Farm Credit Administration (FCA).
The FCA must submit an annual report to Congress on the activities undertaken by FCS institutions under this bill, including through the partnerships between FCS institutions and other lending institutions. The FCA must post the report on the administration's website.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Mar 20, 2025 Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
  2. Mar 20, 2025 Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  3. Feb 12, 2025 Referred to the House Committee on Agriculture.
  4. Feb 12, 2025 Introduced in House

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