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.)
Agricultural marketing and promotionAgricultural prices, subsidies, credit
A bill to amend the Agricultural Act of 2014 to repeal the forfeiture rule for peanuts under the nonrecourse marketing assistance loan program.
USA115th CongressS-77| Senate
| Updated: 1/10/2017
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.)