Helping America’s Farmers Act

Summary

Helping America's Farmers Act This bill provides financial assistance to certain agricultural entities. Specifically, the bill directs the Farm Service Agency (FSA) of the Department of Agriculture (USDA) to carry out a program to provide economic disaster loans to certain agricultural entities with an adjusted gross income of less than or equal to $500,000. Under the program, such entities are eligible for zero-interest loans of up to $2 million and may seek loan forgiveness based on demonstrated economic hardship. In making loans, priority must be given to (1) entities located in states most impacted by an economic disaster; and (2) minority, veteran, and women farmers and ranchers. The FSA may also guarantee a loan to certain agricultural entities with an adjusted gross income of greater than $500,000 if such loan meets certain requirements. Entities that apply for a loan or loan guarantee may request that the FSA provide an emergency grant of at least $20,000 upon application. The bill also provides funding for USDA to carry out a program to provide FSA staff with appropriate training relating to economic injury loan processing and servicing.

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

Timeline

1. 16 July 2021

   Introduced

   Referred to the Committee on Agriculture, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 16 July 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 July 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 August 2021

   Referred

   Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 July 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 July 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 July 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 July 2021

  Open at official source

Sponsors

• Jahana Hayes · D · Sponsor
• Antonio Delgado · D · Sponsor
• · hsag00 · Standing
• · hswm00 · Standing

Related records

• related to ← Helping America’s Farmers Act