United States · Bill · S
S. 388 (99th)
Homestead Protection Act of 1985
Introduced
5 February 1985
Last action
—
Status
Read twice and referred to the Committee on Agriculture.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Homestead Protection Act of 1985 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish an agricultural debt adjustment program which: (1) permits lenders to secure Federal guarantees (up to 90 percent) on loans in exchange for reduced interest rates on such loans; (2) permits farmers on a "break-even" basis to participate; (3) reduces the guarantee percentage over the loan's life; (4) provides for expedited loan processing; and (5) shall not consider such loans as "problem" loans.
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 5 February 1985
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/388
- Open data entity: https://api.congress.gov/v3/bill/99/s/388