HR 3680 · 101th Congress · Agriculture and Food

To amend the Consolidated Farm and Rural Development Act to prohibit the Secretary of Agriculture from making or enforcing any rule requiring all borrowers under such Act to demonstrate a positive cash flow, without taking into account the individual characteristics of borrowers.

Introduced 1989-11-16· Sponsored by Rep. Hayes, James A. [D-LA-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Conservation Credit and Rural Development.(1989-11-20)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Consolidated Farm and Rural Development Act to prohibit the Secretary of Agriculture from making or enforcing any rule that would impose uniform borrower positive cash flow requirements without accounting for individual borrower characteristics.…

Summarized by Claude AI · Non-partisan · For informational purposes only