Capital for Farmers and Ranchers Act

Bill: 115-s-1736
Sponsor: full_name: Sen. Hoeven, John [R-ND]
Introduced: 2017-08-03
Policy area: Agriculture and Food
Subjects: Agricultural prices, subsidies, credit

Government lending and loan guarantees
Latest action: action_date: 2017-08-03
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:
action_date: 2017-08-03
action_desc: Introduced in Senate
text: <p><b>Capital for Farmers and Ranchers Act </b></p> <p> This bill amends the Consolidated Farm and Rural Development Act to increase the amount of unpaid debt permitted per borrower under Department of Agriculture farm ownership and operating loans. </p>

tv_txt: II 115th CONGRESS 1st Session S. 1736 IN THE SENATE OF THE UNITED STATES August 3, 2017 Mr. Hoeven (for himself, Mr. Boozman , and Mr. Strange ) 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 adjust limitations on certain Farm Service Agency guaranteed and direct loans.

1. Short title This Act may be cited as the Capital for Farmers and Ranchers Act . 2. Farm loan funding reform (a) Limitations on amount of farm ownership loans Section 305(a)(2) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1925(a)(2) ) is amended— (1) by striking $300,000 and inserting $600,000 ; (2) by striking $700,000 and inserting $2,500,000 ; and (3) by striking 2000 and inserting 2017 . (b) Limitations on amount of operating loans Section 313(a)(1) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1943(a)(1) ) is amended— (1) by striking $300,000 and inserting $600,000 ; (2) by striking $700,000 and inserting $2,500,000 ; and (3) by striking 2000 and inserting 2017 .