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REDI Act

12/31/2022, 4:59 AM

Summary of Bill HR 4122

The REDI Act, also known as Bill 117 hr 4122, is a piece of legislation introduced in the US Congress aimed at promoting economic development in rural areas. The bill focuses on providing resources and support to rural communities in order to stimulate economic growth and create job opportunities.

One of the key provisions of the REDI Act is the establishment of a grant program that will provide funding to rural businesses and organizations for projects that will help boost economic development. This could include infrastructure improvements, workforce training programs, or other initiatives that will help rural communities thrive.

Additionally, the REDI Act seeks to streamline regulations and reduce bureaucratic barriers that may hinder economic development in rural areas. By cutting red tape and making it easier for businesses to operate in rural communities, the bill aims to attract investment and create a more business-friendly environment. Overall, the REDI Act is designed to address the unique challenges faced by rural communities and provide them with the tools they need to succeed in today's economy. Supporters of the bill argue that by investing in rural areas, the government can help revitalize struggling communities and create a more equitable and prosperous society.

Congressional Summary of HR 4122

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.

Current Status of Bill HR 4122

Bill HR 4122 is currently in the status of Bill Introduced since June 24, 2021. Bill HR 4122 was introduced during Congress 117 and was introduced to the House on June 24, 2021.  Bill HR 4122's most recent activity was Referred to the House Committee on Education and Labor. as of June 24, 2021

Bipartisan Support of Bill HR 4122

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
56
Democrat Cosponsors
34
Republican Cosponsors
22
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4122

Primary Policy Focus

Education

Alternate Title(s) of Bill HR 4122

To amend the Higher Education Act of 1965 to provide for interest-free deferment on student loans for borrowers serving in a medical or dental internship or residency program.
REDI Act
REDI Act
Resident Education Deferred Interest Act

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