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HR 1983 106th Congress House

Agricultural Credit Act of 1999

Official title: To amend the Consolidated Farm and Rural Development Act to improve the agricultural credit programs of the Department of Agriculture, and for other purposes.

Introduced: July 1, 1999 See on congress.gov
Agriculture and Food Agricultural creditBankruptcyCapital investmentsCivil Rights and Liberties, Minority Issues
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CommerceDebtor and creditorDisaster reliefEconomics and Public FinanceEmergency ManagementFamiliesFamily farmsFarm incomeFarmersFederally-guaranteed loansFinance and Financial SectorGovernment lendingGovernment liabilityHealthLawMedical economicsMinoritiesMinority business enterprisesPoorRacial discriminationSocial WelfareValuation
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 14, 1999
Executive Comment Requested from USDA.
Jun 14, 1999
Referred to the Subcommittee on General Farm Commodities, Resource Conservation and Credit.
May 27, 1999
Referred to the House Committee on Agriculture.
May 27, 1999
Introduced in House
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 Latest action June 14, 1999

Executive Comment Requested from USDA.

 Plain-English summary Congressional Research Service
Agricultural Credit Act of 1999 - Amends the Consolidated Farm and Rural Development Act to exclude from "debt forgiveness": (1) loan rescheduling, consolidation, deferral, or reamortization; (2) a write-down due to natural disaster or family medical condition; or (3) a write-down as part of the resolution of a discrimination complaint against the Secretary of Agriculture.

(Sec. 3) Increases the number of occasions of permitted loan or loan guarantee debt forgiveness per borrower from one to two. Includes as an exception to such limitation an operating loan or loan guarantee to an individual whose payments are current under a specified reorganization plan.

(Sec. 4) Eliminates capital item replacement expenses in determinations of farmer program loan guarantee eligibility.

(Sec. 5) Permits excess funds obligated for socially disadvantaged farmers to be reallocated for such use in another State (currently limited to intrastate reallocation).

(Sec. 6) Permits direct operating loans and loan guarantees to be made to persons in areas: (1) affected by a natural disaster or designated emergency; or (2) determined to be suffering from an economic emergency.

(Sec. 7) Revises (shared appreciation arrangement) recapture percentage provisions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2
CHRISTENSEN, DONNA
· Aug 4, 1999
 D
Kaptur, Marcy
Ohio · Jul 1, 1999
 D
Bishop, Sanford D.
Georgia · May 27, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1983: Agricultural Credit Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-1983/
MLA
"H.R. 1983: Agricultural Credit Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-1983/.
Bluebook (legal)
H.R. 1983, 106th Cong. (2026), https://openamerica.io/bill/106-HR-1983/.
Markdown link
[H.R. 1983: Agricultural Credit Act of 1999](https://openamerica.io/bill/106-HR-1983/)
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