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United States · Bill · S

S. 3605 (93rd)

A bill to provide emergency assistance to persons engaged in the cattle raising business by authorizing the Secretary of Agriculture, for a temporary period of time, to guarantee loans made to such persons until they can sell their livestock.

referredUnited States· United States Congress· EN

Introduced

7 June 1974

Last action

7 June 1974 · Introduced

Status

Referred to Senate Committee on Agriculture and Forestry.

Sponsors

Sen. Montoya, Joseph M. [D-NM], Sen. Abourezk, James [D-SD], Sen. Clark, Dick [D-IA], Sen. Domenici, Pete V. [R-NM], Sen. Hughes, Harold E. [D-IA], Sen. McGee, Gale W. [D-WY], Sen. Mansfield, Mike [D-MT], Sen. Metcalf, Lee [D-MT]

Subjects

Agriculture

Source updated

14 January 2025

Agriculture

Official sourceView documentsShare

Summary

States that in order to provide temporary emergency assistance to persons engaged in the cattle raising business during the current period of declining cattle prices, the Secretary of Agriculture is authorized to guarantee and make commitments to guarantee the repayment of 90 percent of the outstanding principal amount of any loan made to any such person by a bank or other lending institution for the purpose of assisting such person to purchase cattle, to feed his cattle and otherwise maintain his farm or ranch operation. Authorizes the Secretary to guarantee the repayment of 90 percent of the outstanding principal amount of any loan made to any such person prior to the date of enactment of this Act and which is renewed or extended by the lending institution holding such loan. Specifies that the authority of the Secretary to guarantee loans under this Act shall expire June 30, 1975.

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

Timeline

  1. 7 June 1974

    Introduced

    Referred to Senate Committee on Agriculture and Forestry.

    Source: IntroReferral

  2. 7 June 1974

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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