- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on AgricultureCommodity Exchanges, Energy, and CreditIntroducedJune 12th, 2013
- house Committees
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Healthy Food Financing Initiative
To amend the Department of Agriculture Reorganization Act of 1994 to establish in the Department of Agriculture a Healthy Food Financing Initiative.
Healthy Food Financing Initiative - Amends the Department of Agriculture Reorganization Act of 1994 to direct the Secretary of Agriculture (USDA) to establish an initiative to improve access to healthy foods in underserved areas, create and preserve quality jobs, and revitalize low-income communities by providing loans and grants to eligible fresh food retailers to overcome the higher costs and initial entry barriers in underserved areas. Provides that funds shall be used to: (1) create revolving loan pools of capital and provide grants to finance eligible projects or partnerships, and (2) provide technical assistance and limited administrative expenses. Requires projects to accept SNAP (formerly known as food stamps) benefits.