US Congress House Bill 5733 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on July 12 2016 - 25% progression, died in committee
Action: 2016-08-30 - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Pending: House Commodity Exchanges, Energy, and Credit Committee
Text: Latest bill text (Introduced) [PDF]

Beginning Farmer and Rancher Guaranteed Loan Modernization Act of 2016 This bill amends the Agricultural Act of 1961 to revise the limits for the Department of Agriculture's (USDA's) conservation loan guarantee program. The bill replaces the existing 80% limit on the portion of a loan that USDA may guarantee with limits that range from 80%-90%, depending on the principal amount of the loan. For socially disadvantaged or beginning farmers or ranchers, the bill replaces the existing 90% limit with limits that range from 85%-95%, depending on the principal amount of the loan. USDA may not guarantee a loan under the program that exceeds $3.5 million.

Beginning Farmer and Rancher Guaranteed Loan Modernization Act of 2016

Rep. Mike Bost [R-IL]

Rep. Rodney Davis [R-IL]

Date	Chamber	Action
2016-08-30	House	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2016-07-12	House	Referred to the House Committee on Agriculture.
2016-07-12	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5733/all-info
Text	https://www.congress.gov/114/bills/hr5733/BILLS-114hr5733ih.pdf