H.R.1246 - Investing in Rural America Act of 2025 (119th Congress)
Summary
H.R.1246, the "Investing in Rural America Act of 2025," aims to amend the Farm Credit Act of 1971. The bill seeks to provide financial support for essential community facilities in rural areas, including healthcare, education, child care, and public safety. It allows Farm Credit System institutions to make loans and provide assistance for projects eligible under the Consolidated Farm and Rural Development Act, subject to certain limitations and reporting requirements.
Expected Effects
The bill's passage would expand the role of Farm Credit System institutions in rural development. It would channel capital towards vital community facilities. This could stimulate economic activity and improve the quality of life in underserved rural areas.
Potential Benefits
- Increased access to healthcare, education, and childcare in rural communities.
- Potential for job creation through construction and operation of new facilities.
- Improved infrastructure and public services in rural areas.
- Enhanced economic development in underserved regions.
- Support for families and community well-being in rural America.
Potential Disadvantages
- Potential for over-reliance on Farm Credit System institutions for rural development.
- Risk of inefficient allocation of resources if projects are not properly vetted.
- Possible displacement of private lenders if Farm Credit System institutions offer more favorable terms.
- Limited impact due to the 15% cap on financing provided by Farm Credit System institutions.
- Increased regulatory burden on Farm Credit Administration due to reporting requirements.
Constitutional Alignment
The bill appears to align with the Constitution's general welfare clause (Preamble). It also aligns with Congress's power to regulate commerce (Article I, Section 8), as it involves financial institutions and interstate economic activity. The bill does not appear to infringe on any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).