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

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

Signed by the President
Jan 06, 1988

 
Status

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

Progress
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.

Summary

No summaries available.

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

House Agriculture

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


4/27/1987--Introduced.
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

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 2179 (100th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus