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HR 2179 100th Congress House

Farmers Home Administration Guaranteed Loan Improvements Act of 1987

Official title: A bill to improve the operation of the secondary market for certain loans guaranteed by the Farmers Home Administration.

Introduced: July 8, 1987 See on congress.gov
Agriculture and Food Agricultural creditAgricultural economicsAgriculture and Rural AffairsFederally-guaranteed loans
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 1987
Unfavorable Executive Comment Received From USDA.
Jul 28, 1987
See H.R.3030.
May 18, 1987
Referred to Subcommittee on Conservation Credit and Rural Development.
May 18, 1987
Executive Comment Requested from USDA.
Apr 27, 1987
Referred to House Committee on Agriculture.
Apr 27, 1987
Introduced in House
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 Latest action September 28, 1987

Unfavorable Executive Comment Received From USDA.

 Plain-English summary Congressional Research Service

Farmers Home Administration Guaranteed Loan Improvements Act of 1987 - Amends the Consolidated Farm and Rural Development Act to permit leaders and subsequent loan holders to sell the guaranteed portion of certain Farmers Home Administration (FmHA) loans provided that: (1) all related fees due the Secretary of Agriculture are fully paid; and (2) the loan has been fully disbursed to the borrower.

Authorizes the issuing of pool certificates representing ownership of the guaranteed portion of such FmHA loans.

Directs the Secretary to: (1) provide for the central collection of registration information; (2) provide for specified seller-buyer disclosure; (3) regulate market makers in pool certificates; (4) require market makers to service all pools and provide the Secretary with payment and default information; and (5) report annually to the appropriate congressional committees regarding secondary market operations.

 Related & companion bills 1
  • HR 3030 Related bill Agricultural Credit Act of 1987
 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Jul 8, 1987
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2179: Farmers Home Administration Guaranteed Loan Improvements Act of 1987. 100th Congress. Open America. https://openamerica.io/bill/100-HR-2179/
MLA
"H.R. 2179: Farmers Home Administration Guaranteed Loan Improvements Act of 1987." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-HR-2179/.
Bluebook (legal)
H.R. 2179, 100th Cong. (2026), https://openamerica.io/bill/100-HR-2179/.
Markdown link
[H.R. 2179: Farmers Home Administration Guaranteed Loan Improvements Act of 1987](https://openamerica.io/bill/100-HR-2179/)
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