A bill to require the Secretary of Agriculture to make recourse loans available to commercial processors of dairy products during the COVID-19 pandemic, and for other purposes.
USA116th CongressS-4354| Senate
| Updated: 7/29/2020
Tina Smith
Democratic Senator
Minnesota
Agriculture, Nutrition, and Forestry Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill requires the Department of Agriculture to make recourse loans available to commercial processors, packagers, or merchandisers of dairy products during the COVID-19 (i.e., coronavirus disease 2019) pandemic. The bill also provides funding for the loans and specifies that loans shall be provided to applicants for up to the value of the dairy product inventory of such applicants. Dairy product inventory used as collateral for the recourse loan program shall be pledged on a rotating basis to prevent spoilage of perishable products.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Agriculture and Food
Agricultural marketing and promotionAgricultural prices, subsidies, creditCardiovascular and respiratory healthEmergency medical services and trauma careFood industry and servicesInfectious and parasitic diseases
A bill to require the Secretary of Agriculture to make recourse loans available to commercial processors of dairy products during the COVID-19 pandemic, and for other purposes.
USA116th CongressS-4354| Senate
| Updated: 7/29/2020
This bill requires the Department of Agriculture to make recourse loans available to commercial processors, packagers, or merchandisers of dairy products during the COVID-19 (i.e., coronavirus disease 2019) pandemic. The bill also provides funding for the loans and specifies that loans shall be provided to applicants for up to the value of the dairy product inventory of such applicants. Dairy product inventory used as collateral for the recourse loan program shall be pledged on a rotating basis to prevent spoilage of perishable products.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Tina Smith
Democratic Senator
Minnesota
Agriculture, Nutrition, and Forestry Committee
Agriculture and Food
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Agricultural marketing and promotionAgricultural prices, subsidies, creditCardiovascular and respiratory healthEmergency medical services and trauma careFood industry and servicesInfectious and parasitic diseases