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S 719 99th Congress Senate Agriculture and Food Agricultural credit Agriculture and Rural Affairs Federally-guaranteed loans Finance and Financial Sector Interest

Modified Agricultural Debt Recovery Act of 1985

Introduced: March 20, 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
Mar 20, 1985
Read twice and referred to the Committee on Agriculture.
Mar 20, 1985
Introduced in Senate
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 Plain-English summary Congressional Research Service

Modified Agricultural Debt Recovery Act of 1985 - Amends the Consolidated Farm and Rural Development Act to authorize additional funds for FY 1985 Agricultural Credit Insurance Fund or Rural Development Insurance Fund loan guarantees.

Modifies the approved lender program to: (1) require lender applications to be approved or disapproved within ten days; (2) set maximum interest rates at two and one-half percent above the Federal Reserve rate; (3) extend the maximum loan repayment period to 15 years; (4) permit lenders to convert loans to federally guaranteed or insured loans (caps insured loans at 35 percent, and insured and guaranteed loans at 60 percent guarantees); and (5) entitle the lender and the Secretary of Agriculture to pro rated shares of any defaulted loan liquidation.

What's happening now March 20, 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 25, 1986
Cite this page click to expand
APA
U.S. Congress. (2026). S. 719: Modified Agricultural Debt Recovery Act of 1985. 99th Congress. Open America. https://openamerica.io/bill/99-S-719/
MLA
"S. 719: Modified Agricultural Debt Recovery Act of 1985." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-S-719/.
Bluebook (legal)
S. 719, 99th Cong. (2026), https://openamerica.io/bill/99-S-719/.
Markdown link
[S. 719: Modified Agricultural Debt Recovery Act of 1985](https://openamerica.io/bill/99-S-719/)
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