# 116-hr-7996: Rural Equal Aid Act

116-hr-7996, Rural Equal Aid Act, is a 116th Congress bill sponsored by Rep. Axne, Cynthia [D-IA-3] (D-IA); status Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7996
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7996
- Congress: 116
- Title: Rural Equal Aid Act
- Status: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
- Introduced: 2020-08-11
- Sponsor: Rep. Axne, Cynthia [D-IA-3] (D-IA)
- Cosponsors: 5
- Policy area: Agriculture and Food
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Rural Equal Aid Act This bill requires the Department of Agriculture (USDA) to pay the principal, interest, and any associated fees owed on loans made under certain rural development loan programs for a six-month period. USDA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by USDA. USDA must waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.

## Cosponsors (5)

- Rep. Tipton, Scott R. [R-CO-3] (R-CO), 2020-08-11T00:00:00.000Z
- Rep. Scott, Austin [R-GA-8] (R-GA), 2020-08-11T00:00:00.000Z
- Rep. Balderson, Troy [R-OH-12] (R-OH), 2020-08-11T00:00:00.000Z
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2020-08-11T00:00:00.000Z
- Rep. Golden, Jared F. [D-ME-2] (D-ME), 2020-08-11T00:00:00.000Z

## Related bills

- 116-hr-4229: Broadband DATA Act
- 116-hr-2423: Women's Suffrage Centennial Commemorative Coin Act
- 116-hr-2382: USPS Fairness Act
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-1830: National Purple Heart Hall of Honor Commemorative Coin Act

## Sources
- [116-hr-7996 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7996)

## Related
- [116-hr-4229: Broadband DATA Act](https://policyrisk.com/legislation/116-hr-4229)
- [116-hr-2423: Women's Suffrage Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-2423)
- [116-hr-2382: USPS Fairness Act](https://policyrisk.com/legislation/116-hr-2382)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-1830: National Purple Heart Hall of Honor Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-1830)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7996 (as of 2025-11-18).