US SB2552 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 14 2018 - 25% progression, died in committee
Action: 2018-03-14 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 14 2018 - 25% progression, died in committee
Action: 2018-03-14 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Farm Service Agency Loan Flexibility Act This bill amends the Consolidated Farm and Rural Development Act to authorize the Department of Agriculture (USDA) to make or guarantee certain farm loans that exceed the aggregate principal amount authorized for the year by up to 25% if the need for loans exceeds the authorized limit. For any year in which USDA uses the authority provided by this bill, USDA may use funds from the Commodity Credit Corporation that are equal to the difference between: (1) the cost of making or guaranteeing the farm loans for that year, and (2) the appropriations provided for the loans for that year.
Title
Farm Service Agency Loan Flexibility Act
Sponsors
Sen. Gary Peters [D-MI] | Sen. David Perdue [R-GA] |
History
Date | Chamber | Action |
---|---|---|
2018-03-14 | Senate | Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. |
Subjects
Administrative law and regulatory procedures
Agricultural prices, subsidies, credit
Agriculture and food
Congressional oversight
Government lending and loan guarantees
Agricultural prices, subsidies, credit
Agriculture and food
Congressional oversight
Government lending and loan guarantees
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/2552/all-info |
Text | https://www.congress.gov/115/bills/s2552/BILLS-115s2552is.pdf |