H.R. 7124 (96th): A bill to amend the Consolidated Farm and Rural Development Act, as amended, to require the Secretary to defer principal and interest and forgo foreclosure on loans in certain circumstances.

Introduced:
Apr 22, 1980 (96th Congress, 1979–1980)
Sponsor:
Rep. Richard Nolan [D-MN6]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on April 22, 1980, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 22, 1980
Cosponsors
none
Committees

House Agriculture

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/22/1980--Introduced.
Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to defer principal and interest and forego foreclosure on loans provided under any law administered by the Farmers Home Administration during any period in which the earnings on investment in the agricultural sector are less than such earnings in the nonagricultural sector.

House Republican Conference Summary

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