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United States · Bill · HR

H.R. 1346 (100th)

Agricultural Loan Assistance Act of 1987

referredUnited States· United States Congress· EN

Introduced

3 March 1987

Last action

3 March 1987 · Introduced

Status

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

Sponsors

Rep. Bruce, Terry L. [D-IL-19], Rep. Annunzio, Frank [D-IL-11], Sen. Dorgan, Byron L. [D-ND], Sen. Durbin, Richard J. [D-IL], Rep. Glickman, Dan [D-KS-4], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Levin, Sander M. [D-MI-12], Rep. Lightfoot, Jim [R-IA-3], Rep. Madigan, Edward R. [R-IL-15], Rep. Penny, Timothy J. [D-MN-1], Rep. Price, Melvin [D-IL-21], Rep. Stallings, Richard H. [D-ID-2], Rep. Thomas, Lindsay [D-GA-1], Rep. Towns, Edolphus [D-NY-10], Rep. Lehman, Richard H. [D-CA-19], Rep. Hayes, Charles A. [D-IL-1], Rep. Espy, Mike [D-MS-2], Rep. Gray, Kenneth J. [D-IL-22], Rep. Williams, Pat [D-MT-At Large], Rep. Savage, Gus [D-IL-2], Rep. Boucher, Rick [D-VA-9], Rep. Lancaster, H. Martin [D-NC-3], Rep. McEwen, Bob [R-OH-6], Rep. Jontz, Jim [D-IN-5], Rep. Kolter, Joseph P. [D-PA-4], Rep. Edwards, Mickey [R-OK-5]

Subjects

Discovery layer

Source updated

28 August 2025

Official sourceView documentsShare

Summary

Agricultural Loan Assistance Act of 1987 - Amends the Federal Deposit Insurance Act to require Federal banking agencies to permit an agricultural bank to: (1) amortize over ten years any loss on a qualified agricultural loan that the bank would otherwise be required to show on an annual financial statement for 1987 through 1991; and (2) reappraise the value of any real estate or other real or personal property that the bank acquired coincident to making a qualified agricultural loan and that it owned on January 1, 1987, and any additional property that it acquired before January 1, 1992, and to amortize over ten years any loss resulting from such reappraisal that it would otherwise be required to show on its annual financial statements. Allows such amortization only if there is no evidence that fraud or criminal abuse by the bank led to such losses.

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Timeline

  1. 3 March 1987

    Referred

    Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

    Source: Committee

  2. 3 March 1987

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  3. 3 March 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 3 March 1987

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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