H.R.4535 - Emergency Drought Relief Act of 1998105th Congress (1997-1998)
|Sponsor:||Rep. Watkins, Wes [R-OK-3] (Introduced 09/09/1998)|
|Committees:||House - Agriculture|
|Latest Action:||09/09/1998 Referred to the House Committee on Agriculture. (All Actions)|
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Summary: H.R.4535 — 105th Congress (1997-1998)All Bill Information (Except Text)
Introduced in House (09/09/1998)
Emergency Drought Relief Act of 1998 - Amends the Agricultural Market Transition Act to eliminate marketing assistance loan rate caps for wheat, corn and feed grains, upland and extra long staple cotton, and oilseeds.
Authorizes the Secretary of Agriculture to (temporarily) provide cost-share assistance for crop and livestock producers performing certain drought alleviation projects. Makes such assistance available retroactively to eligible projects begun as of January 1, 1998.
Amends the Consolidated Farm and Rural Development Act to authorize: (1) emergency loans based upon estimated losses; and (2) emergency loan interest deferral.