To amend the Consolidated Farm and Rural Development Act to require borrower good faith with respect to Farmers Home Administration loans; to improve the management of such delinquent loans, including limiting the write-down of such loans, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

22 February 1990

Last action

7 March 1990 · Introduced

Status

Received in the Senate and read twice and referred to the Committee on Agriculture.

Summary

Amends the Consolidated Farm and Rural Development Act with regard to Farmers Home Administration loans to repeal the requirement that the Secretary of Agriculture sell inventory farmland to family farmers at a price reflective of the land's anticipated average income. Requires borrower good faith with regard to loan eligibility or farmland purchase. Authorizes the Secretary to consider all the assets of a borrower in calculating a restructured loan's value. Limits: (1) each borrower to one write-down; and (2) the total amount of any such write-down. Extends deadlines for loan service applications and application processing.

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

Timeline

22 February 1990
Referred
Referred to the Subcommittee on Conservation Credit and Rural Development.
Source: Committee
22 February 1990
Committee
Executive Comment Requested from USDA.
Source: Committee
22 February 1990
Introduced
Referred to the House Committee on Agriculture.
Source: IntroReferral
22 February 1990
Introduced
Introduced in House
Source: IntroReferral
22 February 1990
Introduced
Introduced in House
Source: IntroReferral
27 February 1990
Committee
Executive Comment Requested from USDA.
Source: Committee
27 February 1990
Committee
Subcommittee on Conservation Credit and Rural Development Discharged.
Source: Committee
27 February 1990
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
27 February 1990
Reported
Ordered to be Reported (Amended).
Source: Committee
6 March 1990
Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Source: Floor
6 March 1990
Floor
DEBATE - The House proceeded with forty minutes of debate.
Source: Floor
6 March 1990
Committee
Favorable Executive Comment Received from USDA.
Source: Committee
6 March 1990
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
6 March 1990
Passed
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Source: Floor
6 March 1990
Passed
On ordering a second Agreed to without objection.
Source: Floor
6 March 1990
Floor
Considered under suspension of the rules.
Source: Floor
6 March 1990
Floor
Mr. Coleman (MO) demanded a second on the motion to suspend the rules.
Source: Floor
6 March 1990
Floor
Mr. de la Garza moved to suspend the rules and pass the bill, as amended.
Source: Floor
6 March 1990
Calendars
Placed on the Union Calendar, Calendar No. 252.
Source: Calendars
6 March 1990
Reported
Reported (Amended) by the Committee on Agriculture. H. Rept. 101-413.
Source: Committee
6 March 1990
Reported
Reported (Amended) by the Committee on Agriculture. H. Rept. 101-413.
Source: Committee
7 March 1990
Introduced
Received in the Senate and read twice and referred to the Committee on Agriculture.
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Engrossed in House · — · Download file
Introduced in House · — · Download file
Referred in Senate · — · Download file
Reported in House · — · Download file

Documents

6 official files

Reported in House (text)

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Reported in House (text)
Reported in House · EN
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Referred in Senate (text)
Referred in Senate · EN
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Introduced in House (text)
Introduced in House · EN
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Engrossed in House (text)
Engrossed in House · EN
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Passed House amended
summary · EN · 6 March 1990
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Introduced in House
summary · EN · 22 February 1990
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Related records

related to ← Food, Agriculture, Conservation, and Trade Act of 1990

Sources

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

Official source: https://www.congress.gov/bill/101st-congress/house-bill/4077
Open data entity: https://api.congress.gov/v3/bill/101/hr/4077
us · 101-hr-4077 · source updated 14 January 2025