Summary: H.R.5542 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.5542. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/18/2014)

Farm Protection Act of 2014 - Amends the Agricultural Act of 2014 to require the Secretary of Agriculture (USDA) to extend: (1) the term and any due date of a marketing assistance loan, and (2) the due date for repayment of farm ownership, operating, or emergency loans. Requires the extensions in cases where a farmer has sold, transferred, or delivered the commodity subject to the loan to a purchaser who has filed for bankruptcy prior to payment. Provides that the extensions shall last until after the bankruptcy case is closed or dismissed. Suspends the accrual of interest on the loans during the extension period.