Emergency Livestock Credit Act of 1974

Summary

Emergency Livestock Credit Act - Authorizes the Secretary of Agriculture to provide financial assistance to bona fide farmers and ranchers, including operators of feedlots, who are primarily engaged in agricultural production for the purpose of breeding, raising, fattening or marketing livestock. Defines "livestock" to mean beef cattle, dairy catttle, swine, chickens, turkeys or the products thereof. Directs the Secretary to provide such assistance by guaranteeing loans made by any Federal or State chartered bank, savings and loan association, cooperative lending agency, or other approved lender. Requires that the total guaranteed under this Act for any farmer or rancher shall not exceed $1,000,000; and that in the case of any loan to refinance the livestock operations of a farmer or rancher, the loan and refinancing are absolutely essential in order for the farmer or rancher to remain in business. States that loans guaranteed under this Act shall bear interest at a rate to be agreed upon by the lender and borrower. Limits loan guarantees outstanding at any one time to $3,000,000,000. Terminates this Act one year after enactment, except the authority to make guarantees may be extended for 6 months if the Secretary of Agriculture determines guarantees are needed and notifies the House Committee on Agriculture and the Senate Committee on Agriculture and Forestry.

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

Timeline

1. 20 June 1974

   Reported

   Reported to Senate from the Committee on Agriculture and Forestry, S. Rept. 93-949.

   Source: Committee

2. 20 June 1974

   Reported

   Reported to Senate from the Committee on Agriculture and Forestry, S. Rept. 93-949.

   Source: Committee

3. 20 June 1974

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 24 June 1974

   Vote

   Measure passed Senate, amended, roll call #273 (82-9).

   Source: Floor

5. 24 June 1974

   Vote

   Passed/agreed to in Senate: Measure passed Senate, amended, roll call #273 (82-9).

   Source: Floor

6. 25 June 1974

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

7. 16 July 1974

   Passed

   Measure passed House, amended, in lieu of H.R. 15560.

   Source: Floor

8. 16 July 1974

   Passed

   Passed/agreed to in House: Measure passed House, amended, in lieu of H.R. 15560.

   Source: Floor

9. 17 July 1974

   Passed

   Senate agreed to House amendments.

   Source: ResolvingDifferences

10. 17 July 1974

    Passed

    Resolving differences -- Senate actions: Senate agreed to House amendments.

    Source: NotUsed

11. 18 July 1974

    Floor

    Measure presented to President.

    Source: Floor

12. 18 July 1974

    President

    Measure presented to President.

    Source: President

13. 25 July 1974

    President

    Public law 93-357.

    Source: President

14. 25 July 1974

    Became law

    Signed by President.

    Source: BecameLaw

15. 25 July 1974

    President

    Signed by President.

    Source: President

Votes

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 26 July 1974

  ViewDownloadOpen at official source

• Public Law

  summary · EN · 25 July 1974

  Open at official source

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• Introduced in Senate

  summary · EN · 20 June 1974

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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Sponsors

• Sen. McGovern, George [D-SD] · D · Sponsor
• Sen. Talmadge, Herman E. [D-GA] · D · Cosponsor
• Sen. Allen, James B. [D-AL] · D · Cosponsor
• Sen. Eastland, James O. [D-MS] · D · Cosponsor
• Sen. Humphrey, Hubert H. [D-MN] · D · Cosponsor
• Sen. Huddleston, Walter (Dee) [D-KY] · D · Cosponsor
• Sen. Clark, Dick [D-IA] · D · Cosponsor
• Sen. Bentsen, Lloyd M. [D-TX] · D · Cosponsor
• Sen. Montoya, Joseph M. [D-NM] · D · Cosponsor
• Sen. Aiken, George [R-VT] · R · Cosponsor
• Sen. Young, Milton R. [R-ND] · R · Cosponsor
• Sen. Curtis, Carl T. [R-NE] · R · Cosponsor
• Sen. Dole, Robert J. [R-KS] · R · Cosponsor
• Sen. Bellmon, Henry L. [R-OK] · R · Cosponsor
• Sen. Haskell, Floyd K. [D-CO] · D · Cosponsor
• Sen. Abourezk, James [D-SD] · D · Cosponsor
• Sen. Bartlett, Dewey F. [R-OK] · R · Cosponsor
• Sen. Hruska, Roman L. [R-NE] · R · Cosponsor
• Sen. Domenici, Pete V. [R-NM] · R · Cosponsor
• · hsag00 · Standing
• · ssaf00 · Standing

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