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House Bill 7679
116th Congress(2019-2020)
To amend the Commodity Credit Corporation Charter Act to index the borrowing authority limit of Commodity Credit Corporation for inflation, and for other purposes.
Introduced
Introduced
Introduced in House on Jul 20, 2020
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Introduced in House 
Jul 20, 2020
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Introduced in House(Jul 20, 2020)
Jul 20, 2020
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 7679 (Introduced-in-House)


116th CONGRESS
2d Session
H. R. 7679


To amend the Commodity Credit Corporation Charter Act to index the borrowing authority limit of Commodity Credit Corporation for inflation, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

July 20, 2020

Mr. Crawford introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To amend the Commodity Credit Corporation Charter Act to index the borrowing authority limit of Commodity Credit Corporation for inflation, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Indexing borrowing authority limit of Commodity Credit Corporation for inflation.

Section 4(i) of the Commodity Credit Corporation Charter Act (15 U.S.C. 714b(i)) is amended by striking “in the aggregate $30,000,000,000.” and inserting the following: “in the aggregate, for each fiscal year preceding fiscal year 2021, $30,000,000,000 and beginning with fiscal year 2021, $68,000,000,000. Beginning with fiscal year 2021, the amount referred to in the preceding sentence shall be increased each fiscal year based on the percentage increase in the consumer price index for all urban consumers (all items; United States city average), over the preceding fiscal year.”.