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United States · Bill · S

S. 812 (94th)

Livestock Producers Emergency Loan Relief Act

referredUnited States· United States Congress· EN

Introduced

24 February 1975

Last action

24 February 1975 · Introduced

Status

Referred to Senate Committee on Agriculture and Forestry.

Sponsors

Sen. Abourezk, James [D-SD], Sen. McGovern, George [D-SD], Sen. Stone, Richard (Dick) [D-FL]

Subjects

Agriculture

Source updated

2 September 2025

Agriculture

Official sourceView documentsShare

Summary

Livestock Producers Emergency Loan Relief Act - Authorizes and directs the Secretary of Agriculture to make emergency loans to bona fide farmers and ranchers who are primarily and directly engaged in the breeding, raising, or fattening of livestock. Provides that such loans shall be made to farmers and ranchers who cannot obtain such loans from commercial sources on reasonable terms and conditions. Provides that such loans shall be made for the purpose of assisting such farmers and stockmen to maintain their livestock operations. Provides that the amount of the loan shall be determined by: (1) multiplying the number of cattle owned by the applicant by $150; (2) multiplying the number of swine and sheep owned by the applicant by an amount which the Secretary determines bears an appropriate relationship to $150, taking into consideration the relative value of swine and sheep as compared with cattle and the cost of maintaining swine and sheep as compared with cattle; and (3) but in no case shall the amount of the loan exceed $250,000. Authorizes the Secretary to use funds of the Commodity Credit Corporation in carrying out the provisions of this Act. Provides that no loan may be made under this Act at any time beyond one year after the date of enactment of this Act. Authorizes the Secretary to issue such rules and regulations as he determines necessary to carry out this Act effectively and expeditiously.

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Timeline

  1. 24 February 1975

    Introduced

    Referred to Senate Committee on Agriculture and Forestry.

    Source: IntroReferral

  2. 24 February 1975

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

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Sponsors

Related records

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Sources

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