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HR 2653 107th Congress House Agriculture and Food Agricultural credit Bankruptcy Commerce Debtor and creditor Disaster relief Economics and Public Finance Emergency Management Families Family farms Farm income Farmers Federally-guaranteed loans Finance and Financial Sector Government lending Government liability Health Law Medical economics Minorities

Agricultural Credit Act of 2001

Introduced: July 26, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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
Aug 3, 2001
Executive Comment Requested from USDA.
Aug 3, 2001
Referred to the Subcommittee on Conservation, Credit, Rural Development and Research.
Jul 26, 2001
Referred to the House Committee on Agriculture.
Jul 26, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
Agricultural Credit Act of 2001 - 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.

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.

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

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.

Revises (shared appreciation arrangement) recapture percentage provisions.

What's happening now August 3, 2001

Executive Comment Requested from USDA.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 9
All 9 Democratic 9
D
Bishop, Sanford D.
Georgia · Jul 26, 2001
 D
Clyburn, James E.
South Carolina · Jul 26, 2001
 D
Davis, Danny K.
Illinois · Jul 26, 2001
 D
DeLauro, Rosa L.
Connecticut · Jul 26, 2001
 D
Kaptur, Marcy
Ohio · Jul 26, 2001
 D
Meeks, Gregory W.
New York · Jul 26, 2001
 D
Norton, Eleanor Holmes
District of Columbia · Jul 26, 2001
 D
Scott, Robert C. "Bobby"
Virginia · Jul 26, 2001
 D
Thompson, Bennie G.
Mississippi · Jul 26, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2653: Agricultural Credit Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2653/
MLA
"H.R. 2653: Agricultural Credit Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2653/.
Bluebook (legal)
H.R. 2653, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2653/.
Markdown link
[H.R. 2653: Agricultural Credit Act of 2001](https://openamerica.io/bill/107-HR-2653/)
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