A bill to amend the Agricultural Act of 2014 to repeal the forfeiture rule for peanuts under the nonrecourse marketing assistance loan program.
Stop Paying U.S. in Peanuts Act
This bill amends the Agricultural Act of 2014 to repeal the rules for peanuts under the nonrecourse marketing assistance loan program administered by the Department of Agriculture (USDA). (Under a nonrecourse marketing assistance loan, a farmer pledges a commodity as collateral and may deliver the pledged collateral to USDA to repay the loan.)
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
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