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HR 874 112th Congress House Agriculture and Food Agricultural prices, subsidies, credit Disaster relief and insurance Family relationships

Agricultural Credit Expansion Act

Introduced: March 2, 2011 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2011
Referred to the Subcommittee on Department Operations, Oversight, and Credit.
Mar 2, 2011
Referred to the House Committee on Agriculture.
Mar 2, 2011
Introduced in House
 Plain-English summary Congressional Research Service

Agricultural Credit Expansion Act - Amends the Consolidated Farm and Rural Development Act to expand eligibility for Farm Service Agency operating loans, farm ownership loans, conservation loans, and emergency loans.

Deems specified embedded entities (an entity owned wholly or in part by another entity) eligible for farm ownership and operating loans.

Deems specified operating-only entities eligible for farm ownership loans.

Deems an entity that is an owner-operator or operator to meet the direct ownership loan requirement if it is owned in whole or in part by other entities and each individual that is an owner of the family farm involved has an ownership interest in each of the other entities.

What's happening now March 9, 2011

Referred to the Subcommittee on Department Operations, Oversight, and Credit.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2