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United States · Bill · HR

H.R. 987 (99th)

Credit Disaster Emergency Relief Act of 1985

openUnited States· United States Congress· EN

Introduced

6 February 1985

Last action

Status

Executive Comment Requested from USDA.

Sponsors

Subjects

Discovery layer

Source updated

29 August 2025

Summary

Credit Disaster Emergency Relief Act of 1985 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a credit-disaster emergency loan program for family farmers and ranchers to: (1) refinance restructure existing loans; (2) reorganize operations on a more economically sound basis; (3) provide financing where lending institutions have ceased operating; and (4) purchase essential equipment and supplies. Permits the Secretary to defer loan payments or foreclosure for up to five years.

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1 official file

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