A bill to amend section 321 (b) of the Consolidated Farm and Rural Development Act for the purpose of changing the date on which applications for assistance under such section may be made without being subject to the requirement that the applicant be unable to obtain credit elsewhere in order to be eligible for such assistance.

Provides, under the Consolidated Farm and Rural Development Act, that the date on which applications for emergency assistance may be made shall be changed to include losses suffered during the 1974 year without being subject to the requirement that the applicant be unable to obtain credit elsewhere in order to be eligible for such assistance.