S 2552
115th Congress
Senate
Agriculture and Food
Administrative law and regulatory procedures
Agricultural prices, subsidies, credit
Congressional oversight
Government lending and loan guarantees
Farm Service Agency Loan Flexibility Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2018
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Mar 14, 2018
Introduced in Senate
Plain-English summary
Farm Service Agency Loan Flexibility Act
This bill amends the Consolidated Farm and Rural Development Act to authorize the Department of Agriculture (USDA) to make or guarantee certain farm loans that exceed the aggregate principal amount authorized for the year by up to 25% if the need for loans exceeds the authorized limit.
For any year in which USDA uses the authority provided by this bill, USDA may use funds from the Commodity Credit Corporation that are equal to the difference between: (1) the cost of making or guaranteeing the farm loans for that year, and (2) the appropriations provided for the loans for that year.
What's happening now
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Committees of jurisdiction
1