A bill to amend the Consolidated Farm and Rural Development Act to provide the opportunity for farmers in areas affected by natural disasters to defer the payment of principal and interest due on FmHA loans.
Farmer-Initiated Loan Restructuring Act - Amends the Consolidated Farm and Rural Development Act to permit farmers in disaster-affected areas to request emergency farm loan principal and interest deferments.
Terminates such loan restructuring authority two years after enactment of this Act.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Referred to Subcommittee on Agricultural Credit.
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