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S 388 99th Congress Senate Agriculture and Food Agricultural credit Agriculture and Rural Affairs Federally-guaranteed loans Finance and Financial Sector Interest Interest rates

Homestead Protection Act of 1985

Introduced: February 5, 1985 See on congress.gov
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Feb 5, 1985
Read twice and referred to the Committee on Agriculture.
Feb 5, 1985
Introduced in Senate
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 Plain-English summary Congressional Research Service

Homestead Protection Act of 1985 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish an agricultural debt adjustment program which: (1) permits lenders to secure Federal guarantees (up to 90 percent) on loans in exchange for reduced interest rates on such loans; (2) permits farmers on a "break-even" basis to participate; (3) reduces the guarantee percentage over the loan's life; (4) provides for expedited loan processing; and (5) shall not consider such loans as "problem" loans.

What's happening now February 5, 1985

Read twice and referred to the Committee on Agriculture.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Feb 7, 1985
Cite this page click to expand
APA
U.S. Congress. (2026). S. 388: Homestead Protection Act of 1985. 99th Congress. Open America. https://openamerica.io/bill/99-S-388/
MLA
"S. 388: Homestead Protection Act of 1985." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-S-388/.
Bluebook (legal)
S. 388, 99th Cong. (2026), https://openamerica.io/bill/99-S-388/.
Markdown link
[S. 388: Homestead Protection Act of 1985](https://openamerica.io/bill/99-S-388/)
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