FmHA Leadership Act of 1987 - Amends the Consolidated Farm and Rural Development Act to provide for loan principal reductions for marginal farm borrowers.
Defines "marginal borrower" as a borrower who would not otherwise be able to meet his debt obligations unless the outstanding loan principal were reduced to the value of the securing property.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to Subcommittee on Conservation Credit and Rural Development.
Subcommittee Hearings Held.
See H.R.3030.
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