HR 4941 · 97th Congress · Agriculture and Food

A bill incentive to discourage price support loan defaults.

Introduced 1981-11-12· Sponsored by Rep. Evans, Cooper [R-IA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Agriculture.(1981-11-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Agricultural Act of 1949 to authorize the Secretary of Agriculture to reduce interest charges in periods of declining or low prices on outstanding Commodity Credit Corporation loans. Directs that such reductions shall not exceed the total amount of interest due.…

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