Relief for America's Small Farmers Act
United States117th CongressS-2023Senate
Updated: Jun 10, 2021
Summary
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.
Bill texts
All available records shown.
Timeline
Read twice and referred to the Committee on Finance.
Senate
Introduced in Senate
All available records shown.