United States · Law · HR
H.R. 6129 (102nd)
Agricultural Credit Improvement Act of 1992
Introduced
3 October 1992
Last action
28 October 1992 · President
Status
Became Public Law No: 102-554.
Sponsors
Rep. de la Garza, E. [D-TX-15], Rep. Coleman, E. Thomas [R-MO-6]
Subjects
Agriculture
Source updated
5 February 2024
Summary
Agricultural Credit Improvement Act of 1992 - Amends the Consolidated Farm and Rural Development Act to state that the interest rate for loans sold into the secondary market may be lower than the interest rate on the retained portion, but may not exceed the average interest rate charged by the lender on loans made to farm and ranch borrowers. Provides for Federal-State coordination of assistance for beginning farmers and ranchers. Directs the Secretary of Agriculture (Secretary) to establish an Advisory Committee on Beginning Farmers and Ranchers. Authorizes the Secretary to make grants for rural passenger transportation services or facilities. Directs the Secretary to establish within the farm ownership loan program a ten-year down payment loan program for beginning farmers and ranchers. Sets forth loan terms. Limits the availability of certain agricultural loans and guarantees to beginning farmers and ranchers during specified applicable periods. Directs the Secretary to establish a program of assistance (ten-year maximum) for beginning farmers and ranchers. Requires an applicant to submit a farm operations plan (plan) to the appropriate county committee, which must be approved by the committee and by the Secretary. Provides assistance in the form of operating and equipment loan guarantees. Gives applicants priority for equipment purchases in the Farmers Home Administration (FmHA) inventory. Terminates assistance for avoidable failure to achieve plan goals. Directs the Secretary to: (1) establish a program to encourage borrowers with operating loans or guarantees to graduate to private commercial credit sources; (2) develop a simplified application for loans $50,000 or less; (3) provide for the graduation of FmHA direct loan borrowers to FmHA guaranteed loans; and (4) maintain gender-based loan records and include women among the targeted loan recipients. Sets forth provisions regarding the transfer of Indian lands pledged as FmHA loan collateral, including properties containing a hazardous substance. Extends the period during which county committee loan eligibility certification remains in effect. Sets forth debt service margin requirements including the establishment of a certified lenders program. Defines "qualified beginning farmer or rancher" for assistance purposes. Sets aside specified percentages of operating and ownership loan assistance for beginning farmers or ranchers. Amends the Agricultural Credit Act of 1987 to increase the Federal assistance ceiling for State agricultural loan mediation programs.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
3 October 1992
Introduced
Introduced in House
Source: IntroReferral
3 October 1992
Referred
Referred to the Subcommittee on Conservation, Credit, and Rural Development.
Source: Committee
3 October 1992
Introduced
Referred to the House Committee on Agriculture.
Source: IntroReferral
3 October 1992
Introduced
Introduced in House
Source: IntroReferral
4 October 1992
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
4 October 1992
Passed
On passage Passed without objection.
Source: Floor
4 October 1992
Passed
Passed/agreed to in House: On passage Passed without objection.
Source: Floor
4 October 1992
Floor
Considered by unanimous consent.
Source: Floor
4 October 1992
Committee
Committee on Agriculture discharged.
Source: Committee
4 October 1992
Committee
Subcommittee on Conservation, Credit, and Rural Development Discharged.
Source: Committee
4 October 1992
Floor
Mr. de la Garza asked unanimous consent to discharge from committee and consider.
Source: Floor
4 October 1992
Discharge
Committee on Agriculture discharged.
Source: Discharge
5 October 1992
Introduced
Received in the Senate, read twice.
Source: IntroReferral
8 October 1992
Passed
Passed Senate without amendment by Voice Vote.
Source: Floor
8 October 1992
Passed
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Source: Floor
13 October 1992
Floor
Message on Senate action sent to the House.
Source: Floor
19 October 1992
President
Presented to President.
Source: President
19 October 1992
Floor
Presented to President.
Source: Floor
28 October 1992
Became law
Became Public Law No: 102-554.
Source: President
28 October 1992
Became law
Signed by President.
Source: BecameLaw
28 October 1992
President
Signed by President.
Source: President
Votes
No vote records are attached yet.
Versions
- Engrossed in House · — · Download file
- Enrolled Bill · — · Download file
- Introduced in House · — · Download file
- Received in Senate · — · Download file
Documents
6 official files
Received in Senate (text)
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Leesvertaling
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Received in Senate (text)
Received in Senate · EN
Introduced in House (text)
Introduced in House · EN
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Enrolled Bill (text)
Enrolled Bill · EN
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Engrossed in House (text)
Engrossed in House · EN
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Public Law (PDF)
Public Law · EN · 29 October 1992
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Introduced in House
summary · EN · 3 October 1992
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Sponsors
- Rep. de la Garza, E. [D-TX-15] · D · Sponsor
- Rep. Coleman, E. Thomas [R-MO-6] · R · Sponsor
- · hsag00 · Standing
Related records
- related to → Agricultural Credit Improvement Act of 1992
- related to ← Agricultural Credit Amendments Act of 1992
Related across the Repo ecosystem
Direct relationships are identifier-backed. Topic context means shared TopicMembership — not a citation and not causation.
Direct relationships
- Legal framework · Agricultural Credit Improvement Act of 1992 · H.R. 6129 (102nd) · US
- Identifier matchPROJECTS_FROM
Same us record 102-hr-6129 projected from PoliticalRepo US row.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/102nd-congress/house-bill/6129
- Open data entity: https://api.congress.gov/v3/bill/102/hr/6129
- us · 102-hr-6129 · source updated 5 February 2024