H.R. 3203 — A bill to amend chapter 39 of title 31, United States Code, to require the Commodity Credit Corporation to pay an interest penalty on overdue payments, and for other purposes.

Summary

Establishes an interest penalty for late payments by the Commodity Credit Corporation to eligible farmers or ranchers to whom the Corporation is obligated to make payments or loans.

Sets forth formulae for the determination of required payment or loan closing dates.

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Legislative Actions

1987-08-07
Introduced in House
1987-08-07
Introduced in House
1987-08-07
Referred to House Committee on Agriculture.
1987-08-07
Referred to House Committee on Government Operations.
1987-08-13
Referred to Subcommittee on Legislation and National Security.
1987-08-26
Executive Comment Requested from USDA.
1987-08-26
Referred to Subcommittee on Department Operations, Research, and Foreign Agriculture.

A bill to amend chapter 39 of title 31, United States Code, to require the Commodity Credit Corporation to pay an interest penalty on overdue payments, and for other purposes.

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