A bill to require the Secretary of Agriculture to make recourse loans available to commercial processors of dairy products during the COVID-19 pandemic, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

29 July 2020

Last action

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Status

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summary

This bill requires the Department of Agriculture to make recourse loans available to commercial processors, packagers, or merchandisers of dairy products during the COVID-19 (i.e., coronavirus disease 2019) pandemic. The bill also provides funding for the loans and specifies that loans shall be provided to applicants for up to the value of the dairy product inventory of such applicants. Dairy product inventory used as collateral for the recourse loan program shall be pledged on a rotating basis to prevent spoilage of perishable products.

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Documents

3 official files

Introduced in Senate (text)
Introduced in Senate · EN · 29 July 2020
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Introduced in Senate (PDF)
Introduced in Senate · EN · 29 July 2020
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Introduced in Senate
summary · EN · 29 July 2020
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Sources

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Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4354
Open data entity: https://api.congress.gov/v3/bill/116/s/4354