BALE Act of 2017

Summary

Beginning Agriculturalist Lifetime Employment Act of 2017 or the BALE Act of 2017 This bill amends the Agricultural Act of 1961 to revise the limits for the Department of Agriculture's (USDA's) conservation loan guarantee program. The bill replaces the existing 80% limit on the portion of a loan that USDA may guarantee with limits that range from 80%-90%, depending on the principal amount of the loan. For socially disadvantaged or beginning farmers or ranchers, the bill replaces the existing 90% limit with limits that range from 85%-95%, depending on the principal amount of the loan. USDA may not guarantee a loan under the program that exceeds $3.5 million. The bill also revises the limitations on the amount of farm ownership loans to prohibit USDA from making or insuring any loan that would cause the unpaid indebtedness of any one borrower to exceed the smaller of: (1) the value of the farm or other security; or (2) in the case of a loan other than a loan guaranteed by USDA, $600,000, with an adjustment for inflation beginning with FY2023.

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Timeline

1. 2 February 2017

   Introduced

   Referred to the House Committee on Agriculture.

   Source: IntroReferral

2. 2 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

4. 24 February 2017

   Referred

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 February 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 February 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 February 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 2 February 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Bost, Mike [R-IL-12] · R · Sponsor
• Rep. Costa, Jim [D-CA-21] · D · Sponsor
• Sen. Marshall, Roger [R-KS] · R · Sponsor
• Rep. Kelly, Robin L. [D-IL-2] · D · Sponsor
• Rep. King, Steve [R-IA-4] · R · Sponsor
• Rep. Comer, James [R-KY-1] · R · Sponsor
• Rep. Soto, Darren [D-FL-9] · D · Sponsor
• Rep. Allen, Rick W. [R-GA-12] · R · Sponsor
• Rep. Yoho, Ted S. [R-FL-3] · R · Cosponsor
• Rep. Hurd, Will [R-TX-23] · R · Cosponsor
• Rep. Davis, Rodney [R-IL-13] · R · Cosponsor
• Rep. O'Halleran, Tom [D-AZ-1] · D · Cosponsor
• Rep. LaHood, Darin [R-IL-16] · R · Cosponsor
• Rep. Hultgren, Randy [R-IL-14] · R · Cosponsor
• Rep. Newhouse, Dan [R-WA-4] · R · Cosponsor
• Rep. Noem, Kristi L. [R-SD-At Large] · R · Cosponsor
• · hsag00 · Standing

Related records

• related to → BALE Act of 2019