Agricultural Credit Improvement Act of 1992

Summary

Agricultural Credit Improvement Act of 1992 - Title I: Amendments to the Consolidated Farm and Rural Development Act - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a program of assistance (ten-year maximum) for beginning farmers and ranchers. Requires an applicant to submit a farm operations plan (plan) to the appropriate county committee, which must be approved by the committee and then by the Secretary of Agriculture. Provides assistance in the form of operating and equipment loans or guarantees. Gives applicants priority for equipment purchases in the Farmers Home Administration inventory. Terminates assistance for avoidable failure to achieve plan goals. Directs the Secretary to establish within the farm ownership loan program a ten-year down payment loan program for beginning farmers and ranchers. Sets forth loan terms. Limits the availability of certain other agricultural loans and guarantees to beginning farmers and ranchers during specified applicable periods. Sets forth debt service margin requirements. Title II: Amendments to the Farm Credit Act of 1971 - Amends the Farm Credit Act of 1971 to repeal the authority of the Farm Credit System Insurance Corporation to designate one of its directors as a nonvoting representative to the board of directors of the Federal Farm Credit Banks Funding Corporation. Expands water and sewer lending authority of banks for cooperatives. Sets compensation rates for Farm Credit System (FCS) bank directors at not more than $300 per day, payable only for days engaged in director duties. Requires all FCS institutions to be examined at least once every three years. Title III: Effective Date - Sets forth the effective dates of amendments made by this Act.

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

Timeline

1. 9 April 1992

   Committee

   See H.R.6129.

   Source: Committee

2. 9 April 1992

   Introduced

   Referred to the House Committee on Agriculture.

   Source: IntroReferral

3. 9 April 1992

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 April 1992

   Introduced

   Introduced in House

   Source: IntroReferral

5. 20 April 1992

   Referred

   Referred to the Subcommittee on Conservation, Credit, and Rural Development.

   Source: Committee

6. 29 April 1992

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 30 April 1992

   Committee

   Subcommittee Hearings Held.

   Source: Committee

8. 14 May 1992

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

9. 14 May 1992

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

10. 9 June 1992

    Committee

    Favorable Executive Comment Received from USDA.

    Source: Committee

11. 25 June 1992

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

12. 25 June 1992

    Reported

    Ordered to be Reported (Amended).

    Source: Committee

13. 9 July 1992

    Passed

    Mr. de la Garza asked unanimous consent that the Committee on Agriculture have until 5:00 p.m. on July 16 to file a report on H.R. 4906. Agreed to without objection.

    Source: Committee

14. 4 August 1992

    Passed

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

    Source: Floor

15. 4 August 1992

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

16. 4 August 1992

    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

17. 4 August 1992

    Floor

    Considered under suspension of the rules.

    Source: Floor

18. 4 August 1992

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

19. 4 August 1992

    Floor

    Mr. de la Garza moved to suspend the rules and pass the bill, as amended.

    Source: Floor

20. 4 August 1992

    Calendars

    Placed on the Union Calendar, Calendar No. 455.

    Source: Calendars

21. 4 August 1992

    Reported

    Reported (Amended) by the Committee on Agriculture. H. Rept. 102-783.

    Source: Committee

22. 4 August 1992

    Reported

    Reported (Amended) by the Committee on Agriculture. H. Rept. 102-783.

    Source: Committee

23. 6 August 1992

    Introduced

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

    Source: IntroReferral

24. 27 August 1992

    Referred

    Referred to Subcommittee on Agricultural Credit.

    Source: Committee

25. 7 October 1992

    Floor

    Amendment SP 3430 proposed by Senator Ford for Senator Conrad.

    Source: Floor

26. 7 October 1992

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.

    Source: Floor

27. 7 October 1992

    Discharge

    Senate Committee on Agriculture discharged by Unanimous Consent.

    Source: Discharge

28. 7 October 1992

    Committee

    Senate Committee on Agriculture discharged by Unanimous Consent.

    Source: Committee

29. 8 October 1992

    Floor

    Message on Senate action sent to the House.

    Source: Floor

Votes

No vote records are attached yet.

Versions

• Committee Discharged Senate · — · Download file
• Engrossed Amendment Senate · — · Download file
• Engrossed in House · — · Download file
• Introduced in House · — · Download file
• Referred in Senate · — · Download file
• Reported in House · — · Download file

Documents

8 official files

• Reported in House (text)

  Reported in House · EN

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• Referred in Senate (text)

  Referred in Senate · EN

  ViewDownloadOpen at official source

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• Introduced in House (text)

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• Engrossed in House (text)

  Engrossed in House · EN

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  Vertaal document

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• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN

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  Vertaal document

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• Committee Discharged Senate (text)

  Committee Discharged Senate · EN

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• Passed Senate amended

  summary · EN · 7 October 1992

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  Vertaal document

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• Introduced in House

  summary · EN · 9 April 1992

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Sponsors

• Rep. English, Glenn [D-OK-6] · D · Sponsor
• Rep. Penny, Timothy J. [D-MN-1] · D · Sponsor
• Rep. Sarpalius, Bill [D-TX-13] · D · Cosponsor
• Rep. Williams, Pat [D-MT-At Large] · D · Cosponsor
• Rep. Peterson, Collin C. [D-MN-7] · D · Cosponsor
• Rep. Gunderson, Steve [R-WI-3] · R · Cosponsor
• Rep. Lancaster, H. Martin [D-NC-3] · D · Cosponsor
• · ssaf00 · Standing
• · hsag00 · Standing

Related records

• related to → Beginning Farmer and Rancher Credit Act of 1991
• related to ← Agricultural Credit Improvement Act of 1992
• related to ← Farm Credit Banks and Associations Safety and Soundness Act of 1992
• amends ← In the nature of a substitute.