A bill to amend the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to increase the maximum amounts of Farm Service Agency loans for years in which those maximum amounts are insufficient to satisfy demand, and for other purposes.
United States115th CongressS-2552Senate
Updated: Mar 14, 2018
Summary
Farm Service Agency Loan Flexibility Act This bill amends the Consolidated Farm and Rural Development Act to authorize the Department of Agriculture (USDA) to make or guarantee certain farm loans that exceed the aggregate principal amount authorized for the year by up to 25% if the need for loans exceeds the authorized limit. For any year in which USDA uses the authority provided by this bill, USDA may use funds from the Commodity Credit Corporation that are equal to the difference between: (1) the cost of making or guaranteeing the farm loans for that year, and (2) the appropriations provided for the loans for that year.
Bill texts
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Senate
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