US Congress House Bill 2797 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 6-2)
Status: Introduced on May 16 2019 - 25% progression, died in committee
Action: 2019-06-10 - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Pending: House Commodity Exchanges, Energy, and Credit Committee
Text: Latest bill text (Introduced) [PDF]

Revises the limits for the Department of Agriculture (USDA) conservation loan guarantee program. The bill replaces the existing 80% limit on the portion of a loan that USDA may guarantee with limits that range from 80%-90%, depending on the principal amount of the loan. For socially disadvantaged or beginning farmers or ranchers, the bill replaces the existing 90% limit with limits that range from 85%-95%, depending on the principal amount of the loan. The bill also (1) prohibits USDA from guaranteeing a loan under the program that exceeds $3.5 million, and (2) requires USDA to adjust the limits annually for inflation.

BALE Act of 2019 Beginning Agriculturalist Lifetime Employment Act of 2019

Rep. Mike Bost [R-IL]	Rep. Robin Kelly [D-IL]	Rep. Rodney Davis [R-IL]	Rep. Ted Yoho [R-FL]
Rep. Tom O'Halleran [D-AZ]	Rep. Darin LaHood [R-IL]	Sen. Roger Marshall [R-KS]	Rep. John Moolenaar [R-MI]

Date	Chamber	Action
2019-06-10	House	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2019-05-16	House	Referred to the House Committee on Agriculture.
2019-05-16	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/2797/all-info
Text	https://www.congress.gov/116/bills/hr2797/BILLS-116hr2797ih.pdf