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HR 1297 113th Congress House Agriculture and Food Agricultural prices, subsidies, credit Disaster relief and insurance Family relationships

Agricultural Credit Expansion Act

Introduced: March 20, 2013 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 23, 2013
Referred to the Subcommittee on Livestock, Rural Development, and Credit.
Mar 20, 2013
Referred to the House Committee on Agriculture.
Mar 20, 2013
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 April 23, 2013

Referred to the Subcommittee on Livestock, Rural Development, and Credit.

 Committees of jurisdiction 2