S.3552 - Rural Development Policy Act95th Congress (1977-1978)
|Sponsor:||Sen. Leahy, Patrick J. [D-VT] (Introduced 10/06/1978)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry; Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 10/06/1978 Referred to Senate Committee on Banking, Housing and Urban Affairs. (All Actions)|
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Summary: S.3552 — 95th Congress (1977-1978)All Information (Except Text)
Introduced in Senate (10/06/1978)
Rural Development Policy Act - Title I: National Rural Development Bank Act - Establishes a National Rural Development Bank as a federally chartered instrumentality of the United States subject to the policies of a National Rural Development Bank Board, appointed by the President, with the advice and consent of the Senate. Empowers the Bank to provide joint venture equity-participation investment, loans, and the discounting, rediscounting, refinancing, and purchase of loans extended by National or State rural institutions to rural residents, agricultural producer organizations, rural industrial and commercial enterprises, quasi-public bodies, Indian tribes, and units of general and special purpose government to establish, construct, and operate private and public facilities, works, and services in rural areas and provide remunerative employment to increasing numbers of rural residents.
Title II: General Provisions - States the effective dates of specified provisions of this Act.