S 2967
98th Congress
Senate
Agriculture and Food
Agricultural credit
Agriculture and Rural Affairs
Federally-guaranteed loans
Finance and Financial Sector
Interest
Interest rates
Agricultural Credit Assistance Act of 1984
Introduced: September 6, 1984
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 6, 1984
Read twice and referred to the Committee on Agriculture.
Sep 6, 1984
Introduced in Senate
Plain-English summary
Agricultural Credit Assistance Act of 1984 - Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to temporarily take over lending institution-held agricultural loans (at from 75 percent to 95 percent of original value) at reduced interest rates. Requires the Secretary to issue such a lending institution an obligation for the amount of the take-over.
Limits loan amounts to $750,000 and maximum interest rate buy-downs to five percent.
What's happening now
Read twice and referred to the Committee on Agriculture.
Committees of jurisdiction
1
Cosponsors
1