II 

115TH CONGRESS 

1ST SESSION S. 1921 

To amend the Consolidated Farm and Rural Development Act to increase 

limitations and authorizations for Farm Service Agency guaranteed loans, 

and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

OCTOBER 5, 2017 

Mr. ROUNDS introduced the following bill; which was read twice and referred 

to the Committee on Agriculture, Nutrition, and Forestry 

A BILL 

To amend the Consolidated Farm and Rural Development 

Act to increase limitations and authorizations for Farm 

Service Agency guaranteed loans, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘FSA Loan Guarantee 

5 Enhancement Act of 2017’’. 


lotter on DSKBCFDHB2PROD with BILLS
2 

•S 1921 IS

1 SEC. 2. INCREASES IN LIMITATIONS AND AUTHORIZATIONS 

2 FOR GUARANTEED FARM LOANS. 

3 (a) OWNERSHIP LOANS.—Section 305(a)(2) of the 

4 Consolidated Farm and Rural Development Act (7 U.S.C. 

5 1925(a)(2)) is amended— 

6 (1) by striking ‘‘$700,000’’ and inserting 

7 ‘‘$3,000,000’’; and 

8 (2) by striking ‘‘2000’’ and inserting ‘‘2019’’. 

9 (b) OPERATING LOANS.—Section 313(a)(1) of the 

10 Consolidated Farm and Rural Development Act (7 U.S.C. 

11 1943(a)(1)) is amended— 

12 (1) by striking ‘‘$700,000’’ and inserting 

13 ‘‘$3,000,000’’; and 

14 (2) by striking ‘‘2000’’ and inserting ‘‘2019’’. 

15 (c) AUTHORIZATION FOR LOANS.—Section 346(b) of 

16 the Consolidated Farm and Rural Development Act (7 

17 U.S.C. 1994(b)) is amended— 

18 (1) in paragraph (1)— 

19 (A) in the matter preceding subparagraph 

20 (A), by striking ‘‘The Secretary may’’ and all 

21 that follows through ‘‘2018’’ and inserting ‘‘Of 

22 the funds of the Commodity Credit Corporation, 

23 the Secretary shall deposit into the Agricultural 

24 Credit Insurance Fund provided for in section 

25 309 and use from the Fund to make or guar26 antee loans under subtitles A and B 


lotter on DSKBCFDHB2PROD with BILLS
3 

•S 1921 IS

1 $11,030,000,000 (increased by any applicable 

2 inflation percentage in accordance with para3 graph (5)) for each of fiscal years 2018 through 

4 2028’’; 

5 (B) in subparagraph (A)— 

6 (i) in the matter preceding clause (i), 

7 by striking ‘‘$1,200,000,000’’ and insert8 ing ‘‘$3,030,000,000’’; 

9 (ii) in clause (i), by striking 

10 ‘‘$350,000,000’’ and inserting 

11 ‘‘$1,500,000,000’’; and 

12 (iii) in clause (ii), by striking 

13 ‘‘$850,000,000’’ and inserting 

14 ‘‘$1,530,000,000’’; and 

15 (C) in subparagraph (B)— 

16 (i) in the matter preceding clause (i), 

17 by striking ‘‘$3,026,000,000’’ and insert18 ing ‘‘$8,000,000,000’’; 

19 (ii) in clause (i), by striking 

20 ‘‘$1,000,000,000’’ and inserting 

21 ‘‘$4,000,000,000’’; and 

22 (iii) in clause (ii), by striking 

23 ‘‘$2,026,000,000’’ and inserting 

24 ‘‘$4,000,000,000’’; and 

25 (2) by adding at the end the following: 


lotter on DSKBCFDHB2PROD with BILLS
4 

•S 1921 IS

1 ‘‘(5) INFLATION PERCENTAGE.—Beginning with 

2 fiscal year 2019, each of the amounts described in 

3 paragraph (1) shall be increased for each fiscal year 

4 by the percentage (if any) by which— 

5 ‘‘(A) the average of the Prices Paid By 

6 Farmers Index (as compiled by the National 

7 Agricultural Statistics Service of the Depart8 ment of Agriculture) for the 12-month period 

9 ending on August 31 of the immediately pre10 ceding fiscal year; exceeds 

11 ‘‘(B) the average of that index (as so de12 fined) for the 12-month period ending on Au13 gust 31, 1996.’’. 

14 (d) EFFECTIVE DATE.—The amendments made by 

15 this section take effect on October 1, 2017. 

Æ 


lotter on DSKBCFDHB2PROD with BILLS