A bill to prohibit the Secretary of Agriculture from extending financial assistance under the Consolidated Farm and Rural Development Act to persons who have defaulted on a loan made or insured under such Act or whose loans are restructured and remain outstanding, to prevent delinquent borrowers from repurchasing farm property at a discount, and to provide for the termination of certain restructured loans that are 180 days delinquent.

Summary

Amends the Consolidated Farm and Rural Development Act to prohibit the Secretary of Agriculture from providing new or extending existing financial assistance to persons who have defaulted on loans made under such Act, or whose loans have been restructured and remain outstanding.

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

Timeline

1. 31 March 1988

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 31 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

4. 7 April 1988

   Referred

   Referred to Subcommittee on Conservation Credit and Rural Development.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 31 March 1988

  Open at official source

Sponsors

• Rep. DioGuardi, Joseph J. [R-NY-20] · R · Sponsor
• Rep. Anderson, Glenn M. [D-CA-32] · D · Sponsor
• Rep. Bates, Jim [D-CA-44] · D · Sponsor
• Rep. Swindall, Patrick L. [R-GA-4] · R · Sponsor
• Rep. Houghton, Amo [R-NY-31] · R · Sponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Sponsor
• Rep. Lukens, Donald E. [R-OH-8] · R · Sponsor
• Rep. Wolf, Frank R. [R-VA-10] · R · Sponsor
• Rep. Fawell, Harris W. [R-IL-13] · R · Sponsor
• · hsag00 · Standing

Related records

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