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HR 5854 98th Congress House

A bill to amend the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to guarantee certain outstanding agricultural loans which are modified by private lenders, and…

Official title: A bill to amend the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to guarantee certain outstanding agricultural loans whi… Show full official titleShow less

Official title: A bill to amend the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to guarantee certain outstanding agricultural loans which are modified by private lenders, and for other purposes.

Introduced: June 27, 1984 See on congress.gov
Agriculture and Food Agricultural creditAgriculture and Rural AffairsCongressional oversightFederally-guaranteed loansGovernment paperwork
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 19, 1984
Referred to Subcommittee on Conservation Credit and Rural Development.
Jun 14, 1984
Referred to House Committee on Agriculture.
Jun 14, 1984
Introduced in House
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 Latest action June 19, 1984

Referred to Subcommittee on Conservation Credit and Rural Development.

 Plain-English summary Congressional Research Service

Amends the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to guarantee certain lending institution-held farm loans.

Provides, with regard to such program, for: (1) Federal guarantees of 90 percent of between 80 and 90 percent of the original obligation, with such ten to 20 percent debt obligation transferred to the Federal Government in exchange for the guarantee; (2) extended loans of up to 20 years; (3) county committee applicant certification; (4) lender interest rates not in excess of three percent plus the existing local Federal Reserve bank discount rate; (5) limited additional borrower debt; (6) discretionary three-year principal or interest deferrals owed to the Secretary; and (7) individual debt limits.

Directs the Secretary to: (1) conduct a feasibility study for a Federal program to reduce farmland foreclosure sales through multiparty agreements with lenders and borrowers to transfer or adjust the terms of such loans; and (2) report to Congress within one year.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Jun 27, 1984
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5854: A bill to amend the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to guarantee certain outstanding agricultural loans which are modified by private lenders, and for other purposes.. 98th Congress. Open America. https://openamerica.io/bill/98-HR-5854/
MLA
"H.R. 5854: A bill to amend the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to guarantee certain outstanding agricultural loans which are modified by private lenders, and for other purposes.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-5854/.
Bluebook (legal)
H.R. 5854, 98th Cong. (2026), https://openamerica.io/bill/98-HR-5854/.
Markdown link
[H.R. 5854: A bill to amend the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to guarantee certain outstanding agricultural loans which are modified by private lenders, and for other purposes.](https://openamerica.io/bill/98-HR-5854/)
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