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HR 1035 99th Congress House Agriculture and Food Agricultural credit Agricultural price supports Agriculture and Rural Affairs Alcohol as fuel Cotton Federally-guaranteed loans Finance and Financial Sector Grain Grazing Interest Interest rates Rice Wheat

Farm Emergency Credit Act of 1985

Introduced: February 7, 1985 See on congress.gov
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 Everywhere this bill has been 19 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 1985
Received in the Senate and read twice and referred to the Committee on Agriculture.
Feb 27, 1985
Passed House (Amended) by Yea-Nay Vote: 318 - 103 (Record Vote No: 18).
Feb 27, 1985
Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 318 - 103 (Record Vote No: 18).
Feb 27, 1985
House Agreed to Amendments Adopted by the Committee of the Whole.
Feb 27, 1985
Committee Amendment in the Nature of a Substitute Considered as an Original Bill for the Purpose of Amendment.
Feb 27, 1985
Called up by House by Rule.
Feb 27, 1985
Rule Passed House.
Feb 26, 1985
Rules Committee Resolution H.Res.79 Reported to House.
Feb 26, 1985
Committee on Rules Granted an Open Rule Providing One Hour of General Debate; Waiving all Points of Order Against Consideration of the Bill for Failure to Comply with the Provisions of Clause 2(L)(6) of Rule XXI.
Feb 25, 1985
Referred to House Committee on Appropriations Sequentially, for a Period not to Exceed 15 Legislative Days.
Feb 25, 1985
Reported to House (Amended) by House Committee on Agriculture. Report No: 99-6 (Part II).
Feb 25, 1985
Reported to House (Amended) by House Committee on Agriculture. Report No: 99-6 (Part I).
Feb 21, 1985
Ordered to be Reported (Amended).
Feb 21, 1985
Committee Consideration and Mark-up Session Held.
Feb 21, 1985
Forwarded by Subcommittee to Full Committee (Amended).
Feb 20, 1985
Executive Comment Requested from USDA.
Feb 14, 1985
Referred to Subcommittee on Conservation Credit and Rural Development.
Feb 7, 1985
Referred to House Committee on Agriculture.
Feb 7, 1985
Introduced in House
 Plain-English summary Congressional Research Service

Farm Emergency Credit Act of 1985 - Amends the Agricultural Act of 1949 to direct the Secretary of Agricultural to make advance (recourse) price support loans available for 1985 for producers participating in the 1985 farm program. Makes up to 50 percent of such crop eligible for advance payments. Permits loan conversion to nonrecourse status upon harvest and availability as loan collateral. Administers such program through the Commodity Credit Corporation and the local farmer committees.

Amends the Consolidated Farm and Rural Development Act to provide agricultural lenders with a 90 percent Federal guarantee in exchange for interest rates of not more than two and one-half percent above the Federal Reserve discount rate. Sets the Farmers Home Administration (FmHA) loan cash flow requirement at 100 percent.

Authorizes FY 1985 appropriations for farm ownership and operating loan guarantees.

Expresses the sense of the Congress that the Secretary should take immediate steps to make personnel and other resources available to facilitate the administration of such program.

Requires the FmHA to approve or reject "approved lender" applications within 15 days.

What's happening now February 28, 1985

Received in the Senate and read twice and referred to the Committee on Agriculture.

 Committees of jurisdiction 4
 Cosponsors 1
All 1 Democratic 1