HR 4336 · 100th Congress · Agriculture and Food
A bill to prohibit the Secretary of Agriculture from extending financial assistance under the Consolidated Farm and Rural Development Act to persons who have defaulted on a loan made or insured under such Act or whose loans are restructured and remain outstanding, to prevent delinquent borrowers from repurchasing farm property at a discount, and to provide for the termination of certain restructured loans that are 180 days delinquent.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Conservation Credit and Rural Development.(1988-04-07)
Plain Language Summary
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Amends the Consolidated Farm and Rural Development Act to prohibit the Secretary of Agriculture from providing new or extending existing financial assistance to persons who have defaulted on loans made under such Act, or whose loans have been restructured and remain outstanding.…
Summarized by Claude AI · Non-partisan · For informational purposes only