HR 4853 · 99th Congress · Agriculture and Food

Farm Mortgage Guarantee Act of 1986

Introduced 1986-05-20· Sponsored by Rep. Evans, Cooper [R-IA-3]· House

Bill Progress

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Introduced

Committee

House Vote

Senate

Enacted

Latest: Unfavorable Executive Comment Received From USDA.(1986-10-15)

Plain Language Summary

[AI summary unavailable — showing source text] Farm Mortgage Guarantee Act of 1986 - Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to purchase or repurchase specified farm real estate loans. Directs the Secretary to guarantee such loans on terms that will assure them of an adequate secondary market. Authorizes the Secretary to similarly guarantee farm real estate loans held by the Farmers Home Administration (FmHA) or other qualifying institution . Authorizes the Secretary to offer for sale such guaranteed FmHA-held loans. Establishes the: (1) Farm Mortgage Revolving Fund; and (2) Farm Real Estate Insurance Fund. Terminates loan guarantee authority under this Act as of December 31, 1991.…

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

Cosponsors (13)

5 Democrats8 Republicans

Rep. Panetta, Leon [D-CA-16]CA

Rep. Bereuter, Doug [R-NE-1]NE

Rep. Morrison, Sid [R-WA-4]WA

Rep. Schuette, Bill [R-MI-10]MI

Rep. Lightfoot, Jim [R-IA-5]IA

Rep. Gray, Kenneth J. [D-IL-22]IL

Rep. Thomas, Lindsay [D-GA-1]GA

Rep. Smith, Neal Edward [D-IA-4]IA

Rep. Boulter, Beau [R-TX-13]TX

Rep. Tallon, Robert M. (Robin) [D-SC-6]SC

Rep. Weber, Vin [R-MN-2]MN

Rep. Stangeland, Arlan [R-MN-7]MN

Rep. Emerson, Bill [R-MO-8]MO