A bill to provide additional emergency credit to farm producers; to provide funds to forego foreclosure and defer payment of indebtedness; and to determine damages caused by embargoes on the sale and delivery of agricultural commodities, either through direct embargo or failure to sell competitively; and for other purposes.
Emergency Agricultural Credit Appropriations Act - Appropriates additional funds to: (1) the Farmers Home Administration for farm loan foreclosure deferral and salaries and expenses of personnel to review farm loans for loan and foreclosure deferral purposes; and (2) the Economic Research Service of the Department of Agriculture to determine damages caused by embargoes on the sale and delivery of U.S. agricultural commodities.
Directs the Administrator of the Small Business Administration to use existing loan guarantee authority to restructure agricultural producer loans.
Introduced in House
Introduced in House
Referred to House Committee on Appropriations.
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