Bill Sponsor
Senate Bill 3602
116th Congress(2019-2020)
Relief for America's Small Farmers Act
Introduced
Introduced
Introduced in Senate on May 5, 2020
Overview
Text
Introduced
May 5, 2020
Latest Action
May 5, 2020
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
3602
Congress
116
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
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Relief for America's Small Farmers Act

This bill provides loan forgiveness of up to $250,000 for certain borrowers who are actively engaged in farming, have an average annual adjusted gross income of $300,000 or less over the previous five years, and have certain Department of Agriculture farm loans.

The loan forgiveness is subject to the condition that the applicable borrower must continue to be actively engaged in farming for at least two years after receiving such forgiveness.

Text (1)
Actions (2)
05/05/2020
Read twice and referred to the Committee on Finance.
05/05/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:42:45 PM