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HR 4535 106th Congress House Agriculture and Food Agricultural credit Bankruptcy Capital investments Chronically ill Commerce Debtor and creditor Disaster relief Droughts Economics and Public Finance Emergency Management Families Family farms Farm income Farmers Federally-guaranteed loans Finance and Financial Sector Floods Government lending Government liability

State and Fair Farm Aid Bill

Introduced: May 24, 2000 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2000
Executive Comment Requested from USDA.
Jun 6, 2000
Referred to the Subcommittee on General Farm Commodities, Resource Conservation and Credit.
May 24, 2000
Referred to the House Committee on Agriculture.
May 24, 2000
Introduced in House
 Plain-English summary Congressional Research Service
Safe and Fair Farm Aid Bill - 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 permitted loan or loan guarantee debt forgivenesses 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.

What's happening now June 6, 2000

Executive Comment Requested from USDA.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2