legislation: 114-hr-5733

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-hr-5733 114 hr 5733 Beginning Farmer and Rancher Guaranteed Loan Modernization Act of 2016 Agriculture and Food 2016-07-12 2016-08-30 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. House Rep. Bost, Mike [R-IL-12] IL R B001295 1 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. 2023-01-11T13:33:25Z  

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