H.R. 2179 (100th): Farmers Home Administration Guaranteed Loan Improvements Act of 1987

Apr 27, 1987 (100th Congress, 1987–1988)
Died (Referred to Committee)
Robert Thomas
Representative for Georgia's 1st congressional district
Related Bills
H.R. 3030 (Related)
Agricultural Credit Act of 1987

Signed by the President
Jan 06, 1988


This bill was introduced on April 27, 1987, in a previous session of Congress, but was not enacted.

Introduced Apr 27, 1987
Referred to Committee Apr 27, 1987
Full Title

A bill to improve the operation of the secondary market for certain loans guaranteed by the Farmers Home Administration.


No summaries available.

20 cosponsors (15D, 5R) (show)

House Agriculture

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

Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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The bill’s title was written by its sponsor.

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.

Farmers Home Administration Guaranteed Loan Improvements Act of 1987 - Amends the Consolidated Farm and Rural Development Act to permit leaders and subsequent loan holders to sell the guaranteed portion of certain Farmers Home Administration (FmHA) loans provided that:
(1) all related fees due the Secretary of Agriculture are fully paid; and
(2) the loan has been fully disbursed to the borrower.
Authorizes the issuing of pool certificates representing ownership of the guaranteed portion of such FmHA loans.
Directs the Secretary to:
(1) provide for the central collection of registration information;
(2) provide for specified seller-buyer disclosure;
(3) regulate market makers in pool certificates;
(4) require market makers to service all pools and provide the Secretary with payment and default information; and
(5) report annually to the appropriate congressional committees regarding secondary market operations.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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