S 1975 · 105th Congress · Agriculture and Food

Farmers Emergency Loan Reform Act of 1998

Introduced 1998-04-23· Sponsored by Sen. Coverdell, Paul [R-GA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Agriculture.(1998-04-23)

Plain Language Summary

[AI summary unavailable — showing source text] Farmers Emergency Loan Reform Act of 1998 - Amends the Consolidated Farm and Rural Development Act with respect to emergency loan eligibility to: (1) eliminate the requirement that a borrower be unable to secure credit elsewhere; (2) make the disaster loan collateral requirements under the Small Business Act applicable; and (3) provide that certain prior loan forgiveness conditions shall not be disqualifying.…

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