H.R. 15079 (93rd): A bill to amend the Consolidated Farm and Rural Development Act to establish a loan insurance program for cattlemen.

Introduced:
May 29, 1974 (93rd Congress, 1973–1974)
Status:
Died (Referred to Committee)
See Instead:

H.R. 15449 (same title)
Referred to Committee — Jun 18, 1974

H.R. 15349 (same title)
Referred to Committee — Jun 12, 1974

H.R. 15295 (same title)
Referred to Committee — Jun 10, 1974

Sponsor
Robert Price
Representative for Texas's 13th congressional district
Party
Republican
Related Bills
H.R. 15449 (identical)

Referred to Committee
Last Action: Jun 18, 1974

H.R. 15349 (identical)

Referred to Committee
Last Action: Jun 12, 1974

 
Status

This bill was introduced on May 29, 1974, in a previous session of Congress, but was not enacted.

Progress
Introduced May 29, 1974
Referred to Committee May 29, 1974
 
Summary

No summaries available.

Cosponsors
none
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.


5/29/1974--Introduced.
Authorizes the Secretary of Agriculture, under the Consolidated Farm and Rural Development Act, to insure loans to borrowers who:
(1) are citizens of the United States;
(2) are or have been engaged in beef cattle producing operations;
(3) are unable to obtain sufficient credit to finance actual needs in the beef cattle producing business at reasonable rates and terms; and
(4) have, if having received previously a loan, performed successfully the terms of such loan.
States that loans insured under this Act must be expended for the purpose of financing the normal operations of buying, raising, and selling beef cattle by the borrower whose loan is being insured.
Sets forth the terms and conditions of such insured loans.
Creates the Cattleman's Insurance Fund to be used by the Secretary as a revolving fund for the discharge of obligations under this Act. Empowers the Secretary to transfer assets from the Agricultural Credit Insurance Fund, to the fund if he determines that such transfer is necessary to establish the insurance program.
Directs the Secretary to make and issue notes to the Secretary of the Treasury for the purpose of obtaining funds necessary for discharging obligations under this Act. Outlines the purposes for which the Secretary shall utilize the fund.
Provides that the aggregate amount of the obligations insured under this Act and outstanding at any one time shall not exceed $3,000,000,000.

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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