HR 543 · 99th Congress · Agriculture and Food

Consecutive-Disaster Emergency Loan Act of 1985

Introduced 1985-01-21· Sponsored by Rep. Stangeland, Arlan [R-MN-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Executive Comment Requested from USDA.(1985-02-20)

Plain Language Summary

[AI summary unavailable — showing source text] Consecutive-Disaster Emergency Loan Act of 1985 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to make and insure disaster loans to persons engaged in aquaculture whose operations have been affected for at least three consecutive years by a designated natural disaster. Authorizes the Secretary to make such assistance available to aquaculture operators who have suffered production losses in adjacent counties. Directs the Secretary to conduct such loan program in a manner that will foster the family farms. Authorizes: (1) loan consolidation and refinancing; and (2) loan and foreclosure deferral for up to five years.…

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