PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 3620 (99th)

Farm Credit Debt Restructuring Act of 1985

openUnited States· United States Congress· EN

Introduced

24 October 1985

Last action

—

Status

See H.R. 3792.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

Farm Credit Debt Restructuring Act of 1985 - Amends the Farm Credit Act of 1971 to permit Farm Credit System (FCS) institutions to: (1) renegotiate certain real estate-secured loans; and (2) treat a specified portion of such a loan as a loss over a period of time up to 20 years. Requires the institution to forgive the borrower an amount (not to exceed 50 percent cumulative) equal to the amount treated as a loss. Authorizes the FCS to pay an institution one-half of the imputed interest on the portion of the loan being treated as a loss. Prohibits such renegotiations after December 31, 1990.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.