To provide for a limitation on availability of funds for US Department of Agriculture, Rural Business-Cooperative Service, Intermediary Relending Program Fund Account for fiscal year 2024.

2/5/2024, 11:45 AM

Summary of Bill HR 2279

Bill 118 hr 2279, also known as the "Limitation on Availability of Funds for USDA Rural Business-Cooperative Service Intermediary Relending Program Fund Account for Fiscal Year 2024," aims to place restrictions on the funds available for the US Department of Agriculture's Rural Business-Cooperative Service Intermediary Relending Program Fund Account for the fiscal year 2024.

The Intermediary Relending Program Fund Account provides financial assistance to intermediary lenders who then re-lend the funds to rural businesses and cooperatives for various purposes such as business development, job creation, and economic growth in rural communities.

This bill seeks to limit the availability of funds for this program in order to ensure that the funds are being used effectively and efficiently. By placing restrictions on the funds, Congress hopes to ensure that the program is being managed responsibly and that the funds are being allocated to projects that will have a positive impact on rural communities. Overall, Bill 118 hr 2279 aims to promote accountability and transparency in the use of funds for the USDA's Intermediary Relending Program Fund Account for the fiscal year 2024.

Congressional Summary of HR 2279

This bill limits FY2024 funding for the Rural Business-Cooperative Service's Intermediary Relending Program.

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Current Status of Bill HR 2279

Bill HR 2279 is currently in the status of Bill Introduced since March 29, 2023. Bill HR 2279 was introduced during Congress 118 and was introduced to the House on March 29, 2023. Bill HR 2279's most recent activity was Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development. as of May 15, 2023

Bipartisan Support of Bill HR 2279

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2279

Primary Policy Focus

Commerce

Alternate Title(s) of Bill HR 2279

To provide for a limitation on availability of funds for US Department of Agriculture, Rural Business-Cooperative Service, Intermediary Relending Program Fund Account for fiscal year 2024.