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Relief for America's Small Farmers Act

USA116th CongressS-3602| Senate 
| Updated: 5/5/2020
Kirsten E. Gillibrand

Kirsten E. Gillibrand

Democratic Senator

New York

Cosponsors (4)
Bernard Sanders (Independent)Cory A. Booker (Democratic)Jeff Merkley (Democratic)Ron Wyden (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Relief for America's Small Farmers Act This bill provides loan forgiveness of up to $250,000 for certain borrowers who are actively engaged in farming, have an average annual adjusted gross income of $300,000 or less over the previous five years, and have certain Department of Agriculture farm loans. The loan forgiveness is subject to the condition that the applicable borrower must continue to be actively engaged in farming for at least two years after receiving such forgiveness.
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Timeline
May 5, 2020
Introduced in Senate
May 5, 2020
Read twice and referred to the Committee on Finance.
Aug 13, 2020

Latest Companion Bill Action

HR 116-6683
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • May 5, 2020
    Introduced in Senate


  • May 5, 2020
    Read twice and referred to the Committee on Finance.


  • August 13, 2020

    Latest Companion Bill Action

    HR 116-6683
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Agriculture and Food

Related Bills

  • HR 116-6683: Relief for America's Small Farmers Act
Agricultural prices, subsidies, creditGovernment lending and loan guaranteesIncome tax exclusion

Relief for America's Small Farmers Act

USA116th CongressS-3602| Senate 
| Updated: 5/5/2020
Relief for America's Small Farmers Act This bill provides loan forgiveness of up to $250,000 for certain borrowers who are actively engaged in farming, have an average annual adjusted gross income of $300,000 or less over the previous five years, and have certain Department of Agriculture farm loans. The loan forgiveness is subject to the condition that the applicable borrower must continue to be actively engaged in farming for at least two years after receiving such forgiveness.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 5, 2020
Introduced in Senate
May 5, 2020
Read twice and referred to the Committee on Finance.
Aug 13, 2020

Latest Companion Bill Action

HR 116-6683
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • May 5, 2020
    Introduced in Senate


  • May 5, 2020
    Read twice and referred to the Committee on Finance.


  • August 13, 2020

    Latest Companion Bill Action

    HR 116-6683
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Kirsten E. Gillibrand

Kirsten E. Gillibrand

Democratic Senator

New York

Cosponsors (4)
Bernard Sanders (Independent)Cory A. Booker (Democratic)Jeff Merkley (Democratic)Ron Wyden (Democratic)

Finance Committee

Agriculture and Food

Related Bills

  • HR 116-6683: Relief for America's Small Farmers Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural prices, subsidies, creditGovernment lending and loan guaranteesIncome tax exclusion