US Congress Senate Bill 4354 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 29 2020 - 25% progression, died in committee
Action: 2020-07-29 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]

Requires the Department of Agriculture to make recourse loans available to commercial processors, packagers, or merchandisers of dairy products during the COVID-19 (i.e., coronavirus disease 2019) pandemic. The bill also provides funding for the loans and specifies that loans shall be provided to applicants for up to the value of the dairy product inventory of such applicants. Dairy product inventory used as collateral for the recourse loan program shall be pledged on a rotating basis to prevent spoilage of perishable products.

A bill to require the Secretary of Agriculture to make recourse loans available to commercial processors of dairy products during the COVID-19 pandemic, and for other purposes.

Sen. Tina Smith [D-MN]

Date	Chamber	Action
2020-07-29	Senate	Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

HB6800 (Related) 2020-07-23 - Committee on Small Business and Entrepreneurship. Hearings held.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/4354/all-info
Text	https://www.congress.gov/116/bills/s4354/BILLS-116s4354is.pdf