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S. 77: Stop Paying U.S. in Peanuts Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jan 10, 2017.


Stop Paying U.S. in Peanuts Act

This bill amends the Agricultural Act of 2014 to repeal the rules for peanuts under the nonrecourse marketing assistance loan program administered by the Department of Agriculture (USDA). (Under a nonrecourse marketing assistance loan, a farmer pledges a commodity as collateral and may deliver the pledged collateral to USDA to repay the loan.)