REDI Act

Resident Education Deferred Interest Act or the REDI Act

This bill allows borrowers in medical or dental internships or residency programs to defer student loan payments until the completion of their programs.

The REDI Act, also known as Bill 118 hr 1202, is a piece of legislation introduced in the US Congress aimed at promoting economic development in rural areas. The acronym REDI stands for Rural Economic Development and Innovation.

The main goal of the REDI Act is to provide funding and resources to support economic growth and job creation in rural communities across the country. This includes initiatives to improve infrastructure, expand access to capital for small businesses, and promote innovation and entrepreneurship in rural areas.

Specific provisions of the REDI Act include grants for rural development projects, technical assistance for small businesses, and support for workforce training programs. The bill also aims to streamline regulations and reduce barriers to economic development in rural communities. Overall, the REDI Act seeks to address the unique challenges faced by rural areas in terms of economic development and job creation. By providing targeted support and resources, the bill aims to help rural communities thrive and contribute to the overall economic prosperity of the country.