US Congress House Bill 5542 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-30 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
Pending: House Subcommittee on General Farm Commodities and Risk Management Committee
Text: Latest bill text (Introduced) [PDF]

Farm Protection Act of 2014 - Amends the Agricultural Act of 2014 to require the Secretary of Agriculture (USDA) to extend: (1) the term and any due date of a marketing assistance loan, and (2) the due date for repayment of farm ownership, operating, or emergency loans. Requires the extensions in cases where a farmer has sold, transferred, or delivered the commodity subject to the loan to a purchaser who has filed for bankruptcy prior to payment. Provides that the extensions shall last until after the bankruptcy case is closed or dismissed. Suspends the accrual of interest on the loans during the extension period.

Farm Protection Act of 2014

Rep. Eric Crawford [R-AR]

Sen. Tom Cotton [R-AR]

Rep. Tim Griffin [R-AR]

Rep. Steve Womack [R-AR]

Date	Chamber	Action
2014-09-30	House	Referred to the Subcommittee on General Farm Commodities and Risk Management.
2014-09-18	House	Referred to the House Committee on Agriculture.

SB2815 (Related) 2014-09-16 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/5542/all-info
Text	https://www.congress.gov/113/bills/hr5542/BILLS-113hr5542ih.pdf