S 2967 · 98th Congress · Agriculture and Food

Agricultural Credit Assistance Act of 1984

Introduced 1984-09-06· Sponsored by Sen. Jepsen, Roger W. [R-IA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Agriculture.(1984-09-06)

Plain Language Summary

[AI summary unavailable — showing source text] Agricultural Credit Assistance Act of 1984 - Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to temporarily take over lending institution-held agricultural loans (at from 75 percent to 95 percent of original value) at reduced interest rates. Requires the Secretary to issue such a lending institution an obligation for the amount of the take-over. Limits loan amounts to $750,000 and maximum interest rate buy-downs to five percent.…

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

Cosponsors (1)

1 Republican
Sen. Grassley, Chuck [R-IA]IA