A bill to amend the Emergency Livestock Credit Act of 1974 for the purpose of providing a lower interest rate for recipients of guaranteed loans under that act and for the purpose of providing that such recipients not have to repay any of the principal of such a loan for a period of 3 years.

Summary

Lowers the interest rate for recipients of guaranteed loans under the Emergency Livestock Credit Act to 4 percent. Provides that such recipients shall not have to repay any of the principal of such a loan for a period of three years upon a showing of severe financial hardship if there is reasonable cause to believe the loan will be repaid.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 November 1975

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 4 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 4 November 1975

  Open at official source

Sponsors

• Rep. Roncalio, Teno [D-WY-At Large] · D · Sponsor
• · hsag00 · Standing

Related records

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