HR 7124 · 96th Congress · Agriculture and Food

A bill to amend the Consolidated Farm and Rural Development Act, as amended, to require the Secretary to defer principal and interest and forgo foreclosure on loans in certain circumstances.

Introduced 1980-04-22· Sponsored by Rep. Nolan, Richard M. [D-MN-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Agriculture.(1980-04-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to defer principal and interest and forego foreclosure on loans provided under any law administered by the Farmers Home Administration during any period in which the earnings on investment in the agricultural sector are less than such earnings in the nonagricultural sector.…

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