Farm Service Agency Loan Flexibility Act

Summary

Farm Service Agency Loan Flexibility Act This bill amends the Consolidated Farm and Rural Development Act to authorize the Department of Agriculture (USDA) to make or guarantee certain farm loans that exceed the aggregate principal amount authorized for the year by up to 25% if the need for loans exceeds the authorized limit. For any year in which USDA uses the authority provided by this bill, USDA may use funds from the Commodity Credit Corporation that are equal to the difference between: (1) the cost of making or guaranteeing the farm loans for that year, and (2) the appropriations provided for the loans for that year.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 March 2018

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 March 2018

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 14 March 2018

  Open at official source

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