S. 805: Rural Access to Credit Act of 2011
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S. 805: Rural Access to Credit Act of 2011
112th Congress · introduced 2011-04-13 · Agriculture and Food · Latest: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
federal
Follow this bill, step by step
- Where it came from: introduced 2011-04-13 · official record
- Who proposed it: Sen. Baucus, Max [D-MT] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Rural Access to Credit Act of 2011
Plain summary
Rural Access to Credit Act of 2011 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture (USDA) to use commercial lending standards in determining equity requirements for rural entity direct or guaranteed loans. Directs the Secretary, through December 31, 2012, to guarantee up to 90% of high priority business and industry loans up to $10 million. Authorizes the Secretary, beginning on January 1, 2013, to guarantee up to 80% or 90% of high priority business and industry loans up to $10 million. Directs the Secretary to guarantee related line-of-credit loans. Authorizes business and industry loans to be used for refinancing. Waives audit requirements for business and industry loans under $1 million. Authorizes audit waiver for loans of at least $1 million. Directs the Secretary to use the Small Business Administration (SBA) calculation method in calculating the delinquency rate for business and industry loans. Expresses the sense of Congress that in allocating discretionary funds the Secretary should give priority to the rural microentrepreneur assistance program.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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Official text
Rural Access to Credit Act of 2011
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Baucus, Max [D-MT] · 2 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Kirsten E. Gillibrand (D-NY)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112s805.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/s>
Record fed-us-cong112-s805 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112