Skip to main content
HR 1190 98th Congress House Agriculture and Food Administrative procedure Agricultural credit Agricultural innovations Agriculture and Rural Affairs Aliens Bankruptcy Department of Agriculture Disaster relief Disasters and Disaster Relief Executive reorganization Farm ownership Federal-state relations Federally-assisted loans Federally-guaranteed loans Government paperwork Hawaii Interest rates Labor and Employment Mines and mineral resources

Emergency Agricultural Credit Act of 1983

Introduced: February 2, 1983 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 24 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 1983
Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 130.
May 9, 1983
Received in the Senate, read twice.
May 3, 1983
Passed House (Amended) by Yea-Nay Vote: 378 - 35 (Record Vote No: 79).
May 3, 1983
Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 378 - 35 (Record Vote No: 79).
May 3, 1983
House Agreed to Amendments Adopted by the Committee of the Whole.
May 3, 1983
Committee Amendment in the Nature of a Substitute Considered as an Original Bill for the Purpose of Amendment.
Apr 27, 1983
Considered by House Unfinished Business.
Apr 27, 1983
Called up by House by Rule.
Apr 27, 1983
Rule Passed House.
Apr 13, 1983
Committee on Rules Granted an Open Rule Providing One Hour of Debate; Waiving Section 402(a) of the Congressional Budget Act and Section 3 of S.Con.Res.92 (97th Congress); Making in Order the Agriculture Committee Amendment in the Nature of a Substitute; Waiving Clause 7 of Rule XXI.
Apr 7, 1983
Placed on Union Calendar No: 27.
Apr 7, 1983
Reported to House (Amended) by House Committee on Agriculture. Report No: 98-48.
Mar 17, 1983
Ordered to be Reported (Amended).
Mar 17, 1983
Committee Consideration and Mark-up Session Held.
Mar 16, 1983
Committee Consideration and Mark-up Session Held.
Mar 10, 1983
Committee Consideration and Mark-up Session Held.
Mar 9, 1983
Committee Consideration and Mark-up Session Held.
Feb 24, 1983
Subcommittee Hearings Held.
Feb 24, 1983
Forwarded by Subcommittee to Full Committee (Amended).
Feb 24, 1983
Subcommittee Consideration and Mark-up Session Held.
Feb 14, 1983
Subcommittee Hearings Held.
Feb 11, 1983
Referred to Subcommittee on Conservation Credit and Rural Development.
Feb 2, 1983
Referred to House Committee on Agriculture.
Feb 2, 1983
Introduced in House
 Plain-English summary Congressional Research Service

Emergency Agricultural Credit Act of 1983 - Amends the Consolidated Farm and Rural Development Act to raise the limits on aggregate operating loans to an individual: (1) from $1,000 to $200,000 for non-guaranteed loans; and (2) from $200,000 to $400,000 for guaranteed loans.

Extends the maximum payment period from seven to 15 years. Authorizes $1,660,000 for the aggregate amount of insured operating loans for FY 1983. Sets aside a specified portion for new borrowers.

Requires that at least 20 percent of FY 1983 farm ownership and operating loans be for limited-resource farmers. Requires the Secretary to notify all farmers about such program.

Requires deferred or rescheduled loan interest rates to be at the lower of either original or current rates.

States that disaster emergency loan assistance eligibility based on production loss is to be based solely on criteria under such Act, and not on whether a county is designated for emergency loans. Authorizes four and three year extensions for specified categories of borrowers.

Permits family farmers to request economic hardship loan repayment and foreclosure deferrals through FY 1984. Requires a showing of: (1) good management; (2) temporary inability to repay because of circumstances beyond one's control; and (3) a reasonable chance of repayment.

Provides for loan consolidation and rescheduling at the end of such deferral period.

Requires the Secretary of Agriculture to provide notification to Farmers Home Administration (FmHA) borrowers regarding such deferral and rescheduling programs.

Requires the Secretary to establish a Guaranteed Farm Loan Program Unit in each State Office of the FmHA to administer the various guaranteed farm loans.

Amends the Emergency Agricultural Credit Adjustment Act of 1978 to: (1) require (presently only authorizes) the Secretary to carry out such program; (2) extend program authority through FY 1984; and (3) provide that specified authorizations shall be in addition to other guaranteed economic emergency loan authorizations under the Act of December 18, 1982 (P.L.97-370).

What's happening now May 9, 1983

Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 130.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1