HR 3782
117th Congress
House
Agriculture and Food
Agricultural prices, subsidies, credit
Government lending and loan guarantees
Income tax exclusion
Relief for America's Small Farmers Act
Introduced: June 8, 2021
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 7, 2021
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Jun 8, 2021
Referred to the Committee on Agriculture, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 8, 2021
Introduced in House
Plain-English summary
Relief for America's Small Farmers Act
This bill provides loan forgiveness of up to $250,000 for certain borrowers who are actively engaged in farming, have an average annual adjusted gross income of $300,000 or less over the previous five years, and have certain Department of Agriculture farm loans.
The loan forgiveness is subject to the condition that the applicable borrower must continue to be actively engaged in farming for at least two years after receiving such forgiveness.
What's happening now
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Committees of jurisdiction
3