HR 9864 · 95th Congress ·

Farmers Home Administration Operating Loan Interest Rate Reduction Act

Introduced 1977-11-01· Sponsored by Rep. Carter, Tim Lee [R-KY-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Agriculture.(1977-11-01)

Plain Language Summary

[AI summary unavailable — showing source text] Farmers Home Administration Operating Loan Interest Rate Reduction Act - Amends the Consolidated Farm and Rural Development Act to set a five percent maximum on the interest rate for operating loans. Exempts operating loan applicants age 18 to 35 from established farming experience eligibility requirements.…

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