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United States · Bill · HR

H.R. 2866 (94th)

A bill to amend the Consolidated Farm and Rural Development Act.

referredUnited States· United States Congress· EN

Introduced

5 February 1975

Last action

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Status

Referred to House Committee on Agriculture.

Sponsors

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Subjects

Discovery layer

Source updated

1 August 2024

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Summary

Authorizes emergency loans to farmers, ranchers, and oyster producers who are unable to obtain sufficent credit elsewhere, to cover losses arising from natural disasters. States that such loans may be made in amounts exceeding actual losses, but that the interest on such excess shall increase from five percent to the prevailing market rate. Allows the Secretary of Agriculture to delegate such loan-making to the State directors of the Farmers' Home Administration. Allows such loans to be made on an annual basis for five additional years, at prevailing market rates.

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Documents

1 official file

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Sources

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