Legis Daily

Relief for America's Small Farmers Act

USA117th CongressS-2023| Senate 
| Updated: 6/10/2021
Kirsten E. Gillibrand

Kirsten E. Gillibrand

Democratic Senator

New York

Cosponsors (9)
Dianne Feinstein (Democratic)Patrick J. Leahy (Democratic)Ben Ray Luján (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Cory A. Booker (Democratic)Jeff Merkley (Democratic)Raphael G. Warnock (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. The bill provides emergency funding for loan forgiveness.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-3602
Relief for America's Small Farmers Act
Jun 10, 2021
Introduced in Senate
Jun 10, 2021
Read twice and referred to the Committee on Finance.
Jul 7, 2021

Latest Companion Bill Action

HR 117-3782
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • Bill from Previous Congress

    S 116-3602
    Relief for America's Small Farmers Act


  • June 10, 2021
    Introduced in Senate


  • June 10, 2021
    Read twice and referred to the Committee on Finance.


  • July 7, 2021

    Latest Companion Bill Action

    HR 117-3782
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Agriculture and Food

Related Bills

  • HR 117-3782: Relief for America's Small Farmers Act
Agricultural prices, subsidies, creditAppropriationsDepartment of AgricultureExecutive agency funding and structureGovernment lending and loan guaranteesIncome tax exclusion

Relief for America's Small Farmers Act

USA117th CongressS-2023| Senate 
| Updated: 6/10/2021
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. The bill provides emergency funding for loan forgiveness.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-3602
Relief for America's Small Farmers Act
Jun 10, 2021
Introduced in Senate
Jun 10, 2021
Read twice and referred to the Committee on Finance.
Jul 7, 2021

Latest Companion Bill Action

HR 117-3782
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • Bill from Previous Congress

    S 116-3602
    Relief for America's Small Farmers Act


  • June 10, 2021
    Introduced in Senate


  • June 10, 2021
    Read twice and referred to the Committee on Finance.


  • July 7, 2021

    Latest Companion Bill Action

    HR 117-3782
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Kirsten E. Gillibrand

Kirsten E. Gillibrand

Democratic Senator

New York

Cosponsors (9)
Dianne Feinstein (Democratic)Patrick J. Leahy (Democratic)Ben Ray Luján (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Cory A. Booker (Democratic)Jeff Merkley (Democratic)Raphael G. Warnock (Democratic)Ron Wyden (Democratic)

Finance Committee

Agriculture and Food

Related Bills

  • HR 117-3782: Relief for America's Small Farmers Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural prices, subsidies, creditAppropriationsDepartment of AgricultureExecutive agency funding and structureGovernment lending and loan guaranteesIncome tax exclusion