A bill to amend the Consolidated Farm and Rural Development Act, as amended, to require the Secretary to defer principal and interest and forgo foreclosure on loans in certain circumstances.

referredUnited States· United States Congress· EN

Introduced

22 April 1980

Last action

—

Status

Referred to House Committee on Agriculture.

Summary

Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to defer principal and interest and forego foreclosure on loans provided under any law administered by the Farmers Home Administration during any period in which the earnings on investment in the agricultural sector are less than such earnings in the nonagricultural sector.

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Documents

1 official file

Introduced in House
summary · EN · 22 April 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/7124
Open data entity: https://api.congress.gov/v3/bill/96/hr/7124