H.R. 1983 (106th): Agricultural Credit Act of 1999

Introduced:
May 27, 1999 (106th Congress, 1999–2000)
Status:
Died (Referred to Committee)
Sponsor
Eva Clayton
Representative for North Carolina's 1st congressional district
Party
Democrat
Text
Read Text »
Last Updated
May 27, 1999
Length
6 pages
Related Bills
H.R. 2653 (107th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jul 26, 2001

 
Status

This bill was introduced on May 27, 1999, in a previous session of Congress, but was not enacted.

Progress
Introduced May 27, 1999
Referred to Committee May 27, 1999
 
Full Title

To amend the Consolidated Farm and Rural Development Act to improve the agricultural credit programs of the Department of Agriculture, and for other purposes.

Summary

No summaries available.

Cosponsors
10 cosponsors (9D, 1R) (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)

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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.


5/27/1999--Introduced.
Agricultural Credit Act of 1999 - Amends the Consolidated Farm and Rural Development Act to exclude from "debt forgiveness": (1) loan rescheduling, consolidation, deferral, or reamortization; (2) a write-down due to natural disaster or family medical condition; or (3) a write-down as part of the resolution of a discrimination complaint against the Secretary of Agriculture.
Section 3 -
Increases the number of occasions of permitted loan or loan guarantee debt forgiveness per borrower from one to two. Includes as an exception to such limitation an operating loan or loan guarantee to an individual whose payments are current under a specified reorganization plan.
Section 4 -
Eliminates capital item replacement expenses in determinations of farmer program loan guarantee eligibility.
Section 5 -
Permits excess funds obligated for socially disadvantaged farmers to be reallocated for such use in another State (currently limited to intrastate reallocation).
Section 6 -
Permits direct operating loans and loan guarantees to be made to persons in areas: (1) affected by a natural disaster or designated emergency; or (2) determined to be suffering from an economic emergency.
Section 7 -
Revises (shared appreciation arrangement) recapture percentage provisions.

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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