REDI Act

Hozzl · 2024-03-06T08:15:23Z

Explore the details of House Bill 1202 REDI Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Education. Stay informed on legislative developments.

3/6/2024, 8:15 AM

Summary of Bill HR 1202

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.

Congressional Summary of HR 1202

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 1202

Bill HR 1202 is currently in the status of Bill Introduced since February 27, 2023. Bill HR 1202 was introduced during Congress 118 and was introduced to the House on February 27, 2023. Bill HR 1202's most recent activity was Referred to the House Committee on Education and the Workforce. as of February 27, 2023

Bipartisan Support of Bill HR 1202

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1202

Primary Policy Focus

Education

Alternate Title(s) of Bill HR 1202

REDI Act

Resident Education Deferred Interest Act

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.