A bill to amend the Consolidated Farm and Rural Development Act, as amended, to provide for improved emergency loan procedures.

Provides that the Secretary of Agriculture shall not, as a condition to granting an emergency loan under the Consolidated Farm and Rural Development Act, require the certification by private, cooperative, or other responsible sources that there is a need for agricultural credit.

States that the declaration of the Secretary that an emergency exists in a country during either a crop or calendar year shall remain in effect for the balance of either year, whichever ends the latest.