US SB5338 | 2023-2024 | 118th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 18 2024 - 25% progression, died in committee
Action: 2024-11-18 - 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]
Status: Introduced on November 18 2024 - 25% progression, died in committee
Action: 2024-11-18 - 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]
Summary
A bill to amend the Consolidated Farm and Rural Development Act to modify the experience requirement for direct farm ownership loans, eliminate the 10-year limitation on direct farm ownership loans, allow direct loans to be used for refinancing indebtedness, increase the lifetime limitation on debt forgiveness per borrower, and provide flexibility with respect to loan fund set asides for beginning farmers and ranchers, and for other purposes.
Title
Debt Relief and Farm Credit Access Act
Sponsors
| Sen. Peter Welch [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-11-18 | Senate | Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. |
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/senate-bill/5338/all-info |
| Text | https://www.congress.gov/118/bills/s5338/BILLS-118s5338is.pdf |
