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

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.

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

Timeline

1. 11 March 1975

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 11 March 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 March 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 11 March 1975

  Open at official source

Sponsors

• Rep. Bowen, David R. [D-MS-2] · D · Sponsor
• Rep. Jones, Ed [D-TN-8] · D · Cosponsor
• · hsag00 · Standing

Related records

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