Agricultural Credit Restoration Act

referredUnited States· United States Congress· EN

Introduced

19 March 1998

Last action

19 March 1998 · Introduced

Status

Read twice and referred to the Committee on Agriculture.

Summary

Agricultural Credit Restoration Act - Amends the Consolidated Farm and Rural Development Act to exclude from "debt forgiveness": (1) loan rescheduling, consolidation, deferral, or reamortization; (2) one debt forgiveness due to natural disaster or family medical condition; and (3) loan restructuring, write-down, or buy-out as part of the resolution of a discrimination complaint against the Secretary of Agriculture (thus excluding such situations from the ban on lending program eligibility for producers with restructured farm debt). Increases the number of permitted loan (including direct operating and guaranteed loan) write-downs or buy-outs per borrower from one to two. Eliminates the aggregate limitation on per borrower debt forgiveness. Authorizes interstate allocation of unused funds for socially disadvantaged farmers and ranchers.

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

Timeline

19 March 1998
Introduced
Read twice and referred to the Committee on Agriculture.
Source: IntroReferral
19 March 1998
Introduced
Sponsor introductory remarks on measure. (CR S2303)
Source: IntroReferral
19 March 1998
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 19 March 1998 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 19 March 1998
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Introduced in Senate (PDF)
Introduced in Senate · EN · 19 March 1998
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Introduced in Senate
summary · EN · 19 March 1998
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Agricultural Credit Restoration Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/105th-congress/senate-bill/1803
Open data entity: https://api.congress.gov/v3/bill/105/s/1803
us · 105-s-1803 · source updated 21 August 2025