HR 5542
113th Congress
House
Agriculture and Food
Agricultural marketing and promotion
Agricultural prices, subsidies, credit
Bankruptcy
Government lending and loan guarantees
Interest, dividends, interest rates
Farm Protection Act of 2014
Introduced: September 18, 2014
Introduced by:
Crawford, Eric A. "Rick"
Republican
· Arkansas
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 30, 2014
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Sep 18, 2014
Referred to the House Committee on Agriculture.
Sep 18, 2014
Introduced in House
Plain-English summary
Farm Protection Act of 2014 - Amends the Agricultural Act of 2014 to require the Secretary of Agriculture (USDA) to extend: (1) the term and any due date of a marketing assistance loan, and (2) the due date for repayment of farm ownership, operating, or emergency loans. Requires the extensions in cases where a farmer has sold, transferred, or delivered the commodity subject to the loan to a purchaser who has filed for bankruptcy prior to payment. Provides that the extensions shall last until after the bankruptcy case is closed or dismissed. Suspends the accrual of interest on the loans during the extension period.
What's happening now
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Committees of jurisdiction
2