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]

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.

Tracking Information

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Title

Farm Service Agency Loan Flexibility Act

Sponsors


History

DateChamberAction
2018-03-14SenateRead twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Subjects


US Congress State Sources


Bill Comments

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