Commodity Markets, Digital Assets, and Rural Development Subcommittee, Ways and Means Committee, Agriculture Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Helping America's Farmers Act This bill directs the Farm Service Agency (FSA) of the Department of Agriculture (USDA) to carry out a program to provide economic disaster loans to certain agricultural entities with an adjusted gross income of less than or equal to $500,000. Under the program, such entities are eligible for loans of up to $2 million and may seek loan forgiveness based on demonstrated economic hardship. In making loans, priority must be given to (1) entities located in states most impacted by an economic disaster; and (2) minority, veteran, and women farmers and ranchers. The FSA may guarantee a loan to certain agricultural entities with an adjusted gross income of greater than $500,000 if such loan meets certain requirements. Entities that apply for a loan or loan guarantee may request that the FSA provide an emergency grant of at least $20,000 upon application. The bill provides funding for USDA to carry out a training program to provide FSA staff with appropriate training relating to economic injury loan processing and servicing.
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Timeline
Introduced in House
Referred to the Committee on Agriculture, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Introduced in House
Referred to the Committee on Agriculture, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Agriculture and Food
Agricultural prices, subsidies, creditAppropriationsDepartment of AgricultureEconomic performance and conditionsEmployee benefits and pensionsEmployment and training programsExecutive agency funding and structureGovernment employee pay, benefits, personnel managementGovernment lending and loan guaranteesHealth technology, devices, suppliesHousing finance and home ownershipIncome tax exclusionInterest, dividends, interest ratesMinority and disadvantaged businessesWages and earningsWomen in business
Helping America’s Farmers Act
USA116th CongressHR-8042| House
| Updated: 9/11/2020
Helping America's Farmers Act This bill directs the Farm Service Agency (FSA) of the Department of Agriculture (USDA) to carry out a program to provide economic disaster loans to certain agricultural entities with an adjusted gross income of less than or equal to $500,000. Under the program, such entities are eligible for loans of up to $2 million and may seek loan forgiveness based on demonstrated economic hardship. In making loans, priority must be given to (1) entities located in states most impacted by an economic disaster; and (2) minority, veteran, and women farmers and ranchers. The FSA may guarantee a loan to certain agricultural entities with an adjusted gross income of greater than $500,000 if such loan meets certain requirements. Entities that apply for a loan or loan guarantee may request that the FSA provide an emergency grant of at least $20,000 upon application. The bill provides funding for USDA to carry out a training program to provide FSA staff with appropriate training relating to economic injury loan processing and servicing.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Agriculture, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Introduced in House
Referred to the Committee on Agriculture, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee, Ways and Means Committee, Agriculture Committee
Agriculture and Food
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Agricultural prices, subsidies, creditAppropriationsDepartment of AgricultureEconomic performance and conditionsEmployee benefits and pensionsEmployment and training programsExecutive agency funding and structureGovernment employee pay, benefits, personnel managementGovernment lending and loan guaranteesHealth technology, devices, suppliesHousing finance and home ownershipIncome tax exclusionInterest, dividends, interest ratesMinority and disadvantaged businessesWages and earningsWomen in business