S 1921
115th Congress
Senate
Agriculture and Food
Agricultural practices and innovations
Government lending and loan guarantees
FSA Loan Guarantee Enhancement Act of 2017
Introduced: October 5, 2017
Introduced by:
Rounds, Mike
Republican
· South Dakota
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 5, 2017
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Oct 5, 2017
Introduced in Senate
Plain-English summary
FSA Loan Guarantee Enhancement Act of 2017
This bill amends the Consolidated Farm and Rural Development Act to provide additional authority for the Department of Agriculture (USDA) to make and guarantee farm loans through the Farm Service Agency (FSA).
The bill modifies the FSA's loan programs to: (1) increase the amount of unpaid debt permitted per borrower under farm ownership and operating loans guaranteed by USDA, (2) extend and increase the authorizations of funding to make or guarantee farm ownership and operating loans, and (3) require the authorization levels to be adjusted for inflation beginning in FY2019.
What's happening now
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Committees of jurisdiction
1