Bill Sponsor
Senate Bill 2552
115th Congress(2017-2018)
Farm Service Agency Loan Flexibility Act
Introduced
Introduced
Introduced in Senate on Mar 14, 2018
Overview
Text
Introduced
Mar 14, 2018
Latest Action
Mar 14, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2552
Congress
115
Policy Area
Agriculture and Food
Agriculture and Food
Primary focus of measure is agricultural practices; agricultural prices and marketing; agricultural education; food assistance or nutrition programs; food industry, supply, and safety; aquaculture; horticulture and plants. Measures concerning international trade in agricultural products may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Michigan
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Farm Service Agency Loan Flexibility Act

This bill amends the Consolidated Farm and Rural Development Act to authorize the Department of Agriculture (USDA) to make or guarantee certain farm loans that exceed the aggregate principal amount authorized for the year by up to 25% if the need for loans exceeds the authorized limit.

For any year in which USDA uses the authority provided by this bill, USDA may use funds from the Commodity Credit Corporation that are equal to the difference between: (1) the cost of making or guaranteeing the farm loans for that year, and (2) the appropriations provided for the loans for that year.

Text (1)
March 14, 2018
Actions (2)
03/14/2018
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
03/14/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:39:59 PM