HR 1034 · 99th Congress · Agriculture and Food
Emergency Agricultural Credit Act of 1985
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Executive Comment Requested from USDA.(1985-02-20)
Plain Language Summary
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Emergency Agricultural Credit Act of 1985 - Directs the Secretary of Agriculture to guarantee (75 percent of the principal) agricultural production loans made in 1985. Limits such aggregate guaranteed principal to $3,000,000,000. Amends the Consolidated Farm and Rural Development Act to authorize the Secretary to make production loans through 1987 (at a reduced interest rate).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
4 Republicans