Emergency Agricultural Credit Act of 1983

Summary

Emergency Agricultural Credit Act of 1983 - Amends the Consolidated Farm and Rural Development Act to raise the limits on aggregate operating loans to an individual: (1) from $1,000 to $200,000 for non-guaranteed loans; and (2) from $200,000 to $400,000 for guaranteed loans. Extends the maximum payment period from seven to 15 years. Authorizes $1,660,000 for the aggregate amount of insured operating loans for FY 1983. Sets aside a specified portion for new borrowers. Requires that at least 20 percent of FY 1983 farm ownership and operating loans be for limited-resource farmers. Requires the Secretary to notify all farmers about such program. Requires deferred or rescheduled loan interest rates to be at the lower of either original or current rates. States that disaster emergency loan assistance eligibility based on production loss is to be based solely on criteria under such Act, and not on whether a county is designated for emergency loans. Authorizes four and three year extensions for specified categories of borrowers. Permits family farmers to request economic hardship loan repayment and foreclosure deferrals through FY 1984. Requires a showing of: (1) good management; (2) temporary inability to repay because of circumstances beyond one's control; and (3) a reasonable chance of repayment. Provides for loan consolidation and rescheduling at the end of such deferral period. Requires the Secretary of Agriculture to provide notification to Farmers Home Administration (FmHA) borrowers regarding such deferral and rescheduling programs. Requires the Secretary to establish a Guaranteed Farm Loan Program Unit in each State Office of the FmHA to administer the various guaranteed farm loans. Amends the Emergency Agricultural Credit Adjustment Act of 1978 to: (1) require (presently only authorizes) the Secretary to carry out such program; (2) extend program authority through FY 1984; and (3) provide that specified authorizations shall be in addition to other guaranteed economic emergency loan authorizations under the Act of December 18, 1982 (P.L.97-370).

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

Timeline

1. 2 February 1983

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 2 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 February 1983

   Referred

   Referred to Subcommittee on Conservation Credit and Rural Development.

   Source: Committee

5. 14 February 1983

   Committee

   Subcommittee Hearings Held.

   Source: Committee

6. 24 February 1983

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 24 February 1983

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

8. 24 February 1983

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

9. 9 March 1983

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

10. 10 March 1983

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

11. 16 March 1983

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

12. 17 March 1983

    Reported

    Ordered to be Reported (Amended).

    Source: Committee

13. 17 March 1983

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

14. 7 April 1983

    Calendars

    Placed on Union Calendar No: 27.

    Source: Calendars

15. 7 April 1983

    Reported

    Reported to House (Amended) by House Committee on Agriculture. Report No: 98-48.

    Source: Committee

16. 7 April 1983

    Reported

    Reported to House (Amended) by House Committee on Agriculture. Report No: 98-48.

    Source: Committee

17. 13 April 1983

    Floor

    Committee on Rules Granted an Open Rule Providing One Hour of Debate; Waiving Section 402(a) of the Congressional Budget Act and Section 3 of S.Con.Res.92 (97th Congress); Making in Order the Agriculture Committee Amendment in the Nature of a Substitute; Waiving Clause 7 of Rule XXI.

    Source: Floor

18. 27 April 1983

    Floor

    Called up by House by Rule.

    Source: Floor

19. 27 April 1983

    Passed

    Rule Passed House.

    Source: Floor

20. 3 May 1983

    Vote

    Passed House (Amended) by Yea-Nay Vote: 378 - 35 (Record Vote No: 79).

    Source: Floor

21. 3 May 1983

    Vote

    Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 378 - 35 (Record Vote No: 79).

    Source: Floor

22. 3 May 1983

    Passed

    House Agreed to Amendments Adopted by the Committee of the Whole.

    Source: Floor

23. 3 May 1983

    Floor

    Committee Amendment in the Nature of a Substitute Considered as an Original Bill for the Purpose of Amendment.

    Source: Floor

24. 9 May 1983

    Calendars

    Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 130.

    Source: Calendars

25. 9 May 1983

    Introduced

    Received in the Senate, read twice.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Passed House amended

  summary · EN · 3 May 1983

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 7 April 1983

  Open at official source

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• Introduced in House

  summary · EN · 2 February 1983

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Jones, Ed [D-TN-8] · D · Sponsor
• Rep. Coleman, E. Thomas [R-MO-6] · R · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Cosponsor
• Rep. Foley, Thomas S. [D-WA-5] · D · Cosponsor
• Rep. Hartnett, Thomas F. [R-SC-1] · R · Cosponsor
• Rep. Hightower, Jack E. [D-TX-13] · D · Cosponsor
• Rep. Huckaby, Thomas J. (Jerry) [D-LA-5] · D · Cosponsor
• Rep. Jones, Walter B. [D-NC-1] · D · Cosponsor
• Rep. Lehman, William [D-FL-17] · D · Cosponsor
• Rep. McEwen, Bob [R-OH-6] · R · Cosponsor
• Rep. Stenholm, Charles W. [D-TX-17] · D · Cosponsor
• Rep. Tallon, Robert M. (Robin) [D-SC-6] · D · Cosponsor
• Rep. Glickman, Dan [D-KS-4] · D · Cosponsor
• Rep. Brooks, Jack B. [D-TX-9] · D · Cosponsor
• Sen. Dorgan, Byron L. [D-ND] · D · Cosponsor
• Sen. Durbin, Richard J. [D-IL] · D · Cosponsor
• Rep. McNulty, James F., Jr. [D-AZ-5] · D · Cosponsor
• Rep. Penny, Timothy J. [D-MN-1] · D · Cosponsor
• Rep. Rowland, J. Roy [D-GA-8] · D · Cosponsor
• Rep. Wolpe, Howard E. [D-MI-3] · D · Cosponsor
• Rep. Anthony, Beryl, Jr. [D-AR-4] · D · Cosponsor
• Sen. Harkin, Tom [D-IA] · D · Cosponsor
• Rep. Oberstar, James L. [D-MN-8] · D · Cosponsor
• Rep. Alexander, Bill [D-AR-1] · D · Cosponsor
• Rep. Sikorski, Gerry E. [D-MN-6] · D · Cosponsor
• Rep. Derrick, Butler C. [D-SC-3] · D · Cosponsor
• Rep. Leath, Marvin [D-TX-11] · D · Cosponsor
• Rep. Ford, Harold E. [D-TN-9] · D · Cosponsor
• Rep. Nichols, Bill [D-AL-3] · D · Cosponsor
• Rep. Spratt, John M., Jr. [D-SC-5] · D · Cosponsor
• · hsag00 · Standing

Related records

• related to ← A bill to amend the Consolidated Farm and Rural Development Act.
• related to ← A bill to amend title II of the Social Security Act and chapter 21 of the Internal Revenue Code of 1954 to provide mandatory social security coverage for Members of Congress and the Vice President.
• amends ← An amendment to change the short title of the bill from "Emergency Agricultural Credit Act of 1983" to "Consolidated Farm and Rural Development Act Amendments of 1983".
• amends ← An amendment to strike the section of the bill that raised the limits on insured loans from $200,000 to $300,000 and on guaranteed loans from $300,000 to $400,00.
• amends ← Amendments en block to make technical corrections in the bill.
• amends ← Amendments en bloc to provide criteria for providing financial assistance for essential community facilities. A project selection system is to be used that include the following criteria: 1) Community median family income below 80 percent of the statewide median family income. 2) Community unemployment and underemployment rate exceeding by 10 percent or more the national nonmetropolitan rate. The community rate is to include part-time, seasonal, and those no longer participating in the work force due to continued inability to find jobs. 3) Sudden economic dislocation in the community causing significant unemployment and/or job elimination. The amendment also provides up to $20,000,000 for job training in rural areas for the unemployed and underemployed.
• amends ← An amendment to set the interest rates on loans for water and waste disposal facilities at the lower of 1) the rate in effect at the time of the loan approval or 2) the rate in effect at the time of the loan closing.
• amends ← An amendment to strike the increased limits on operating loans.

Showing 8 of 15 related records.