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S 5338 118th Congress Senate

Debt Relief and Farm Credit Access Act

Official title: A bill to amend the Consolidated Farm and Rural Development Act to modify the experience requirement for direct farm ownership loans, eliminate the 10-year lim… Show full official titleShow less

Official title: A bill to amend the Consolidated Farm and Rural Development Act to modify the experience requirement for direct farm ownership loans, eliminate the 10-year limitation on direct farm ownership loans, allow direct loans to be used for refinancing indebtedness, increase the lifetime limitation on debt forgiveness per borrower, and provide flexibility with respect to loan fund set asides for beginning farmers and ranchers, and for other purposes.

Introduced: November 18, 2024 Introduced by: Welch, Peter Democratic · Vermont See on congress.gov
Agriculture and Food
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2024
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Nov 18, 2024
Introduced in Senate
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 Latest action November 18, 2024

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 5338: Debt Relief and Farm Credit Access Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-5338/
MLA
"S. 5338: Debt Relief and Farm Credit Access Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-5338/.
Bluebook (legal)
S. 5338, 118th Cong. (2026), https://openamerica.io/bill/118-S-5338/.
Markdown link
[S. 5338: Debt Relief and Farm Credit Access Act](https://openamerica.io/bill/118-S-5338/)
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