Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
114-hr-5733114th Congress
Beginning Farmer and Rancher Guaranteed Loan Modernization Act of 2016
Sponsored By: Representative Bost, Mike [R-IL-12]
Unknown
Summary
Beginning Farmer and Rancher Guaranteed Loan Modernization Act of 2016 This bill amends the Agricultural Act of 1961 to revise the limits for the Department of Agriculture's (USDA's) conservation loan guarantee program. The bill replaces the existing 80% limit on the portion of a loan that USDA may guarantee with limits that range from 80%-90%, depending on the principal amount of the loan. For socially disadvantaged or beginning farmers or ranchers, the bill replaces the existing 90% limit with limits that range from 85%-95%, depending on the principal amount of the loan. USDA may not guarantee a loan under the program that exceeds $3.5 million.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Bost, Mike [R-IL-12]
IL • R
Cosponsors
Rep. Davis, Rodney [R-IL-13]
IL • R
Sponsored 9/22/2016
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov