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United States · Resolution · SCONRES

S.Con.Res. 138 (99th)

A concurrent resolution expressing the sense of the Congress with respect to Farm Credit System agricultural loan restructing.

referredUnited States· United States Congress· EN

Introduced

14 May 1986

Last action

14 May 1986 · Introduced

Status

Referred to the Committee on Agriculture.

Sponsors

Sen. Dole, Robert J. [R-KS], Sen. Nickles, Don [R-OK], Sen. Quayle, Dan [R-IN], Sen. Helms, Jesse [R-NC], Sen. Zorinsky, Edward [D-NE], Sen. Abdnor, James [R-SD], Sen. Melcher, John [D-MT], Sen. Grassley, Chuck [R-IA], Sen. Baucus, Max [D-MT], Sen. Hawkins, Paula [R-FL], Sen. Burdick, Quentin N. [D-ND], Sen. Mattingly, Mack [R-GA], Sen. Ford, Wendell H. [D-KY], Sen. Symms, Steven D. [R-ID], Sen. Hollings, Ernest F. [D-SC], Sen. Hatch, Orrin G. [R-UT], Sen. Levin, Carl [D-MI], Sen. Denton, Jeremiah [R-AL], Sen. Bentsen, Lloyd M. [D-TX], Sen. McConnell, Mitch [R-KY], Sen. Leahy, Patrick J. [D-VT], Sen. Kassebaum, Nancy Landon [R-KS], Sen. Boren, David L. [D-OK], Sen. Cochran, Thad [R-MS], Sen. Heflin, Howell [D-AL], Sen. Boschwitz, Rudy [R-MN], Sen. Dixon, Alan J. [D-IL], Sen. Wilson, Pete [R-CA], Sen. Simon, Paul [D-IL], Sen. Danforth, John C. [R-MO], Sen. Domenici, Pete V. [R-NM], Sen. McClure, James A. [R-ID], Sen. Durenberger, Dave [R-MN], Sen. Thurmond, Strom [R-SC], Sen. Wallop, Malcolm [R-WY], Sen. Lugar, Richard G. [R-IN], Sen. Kasten, Robert W., Jr. [R-WI], Sen. Pressler, Larry [R-SD], Sen. Gorton, Slade [R-WA], Sen. Armstrong, William L. [R-CO], Sen. Roth Jr., William V. [R-DE], Sen. Nunn, Sam [D-GA], Sen. Hatfield, Mark O. [R-OR], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Simpson, Alan K. [R-WY], Sen. Evans, Daniel J. [R-WA], Sen. Exon, J. James [D-NE], Sen. Packwood, Bob [R-OR]

Subjects

Agriculture

Source updated

14 January 2025

Agriculture

Official sourceView documentsShare

Summary

Expresses the sense of the Congress that the Farm Credit System should take specified actions to assist borrowers, including: (1) participating to the maximum extent possible with the Farmers Home Administration and other Government guarantee programs to provide 1986 operating loans; (2) following policies of reasonable loan forbearance; (3) using loan restructuring; (4) emphasizing loan servicing approaches that help borrowers meet the conditions of their loan contracts; (5) resorting to foreclosure only when there is no alternative or when the associated costs would be less than loan restructuring; (6) providing defaulting borrowers with the opportunity to bid on foreclosed property; and (7) maintaining sound institutional credit policies.

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

Timeline

  1. 14 May 1986

    Introduced

    Referred to the Committee on Agriculture.

    Source: IntroReferral

  2. 14 May 1986

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Sponsors

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Related records

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Sources

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