AMENDMENTS TO THE RURAL ELECTRIFICATION ACT OF 1936.

SEC. 703. AMENDMENTS TO THE RURAL ELECTRIFICATION ACT OF 1936. (a) Amendment to Section 11A(e).— Section 11A(e) of the Rural Electrification Act of 1936 (7 U.S.C. 911a(e)) is amended by striking “1 percent” and inserting “2 percent”. (b) Repeal Of Section 17.— Section 17 of such Act (7 U.S.C. 917) is repealed. (c) Amendments to Section 501.— Section 501 of such Act (7 U.S.C. 950aa) is amended— (1) in paragraph (6), by inserting “and” after the semicolon; (2) by striking paragraph (7); and (3) by redesignating paragraph (8) as paragraph (7). (d) Amendment to Section 502(a)(2).— Section 502(a)(2) of such Act (7 U.S.C. 950aa–l(a)(2)) is amended by striking “as defined in this Act”.