S 1487 · 101th Congress · Agriculture and Food

A bill to provide that certain borrowers who restructure loans made by the Farmers Home Administration under net recovery buy-out provisions shall be subject to shared appreciation arrangements.

Introduced 1989-08-03· Sponsored by Sen. Kassebaum, Nancy Landon [R-KS]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Subcommittee on Agricultural Credit.(1990-01-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Consolidated Farm and Rural Development Act to require (current law merely authorizes) certain borrowers who terminate loan obligations on a restructured Farmers Home Administration loan to enter into a shared appreciation arrangement with the Secretary of Agriculture.…

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

Cosponsors (1)

1 Republican