H.R.1034 - Emergency Agricultural Credit Act of 198599th Congress (1985-1986)
|Sponsor:||Rep. Coleman, E. Thomas [R-MO-6] (Introduced 02/07/1985)|
|Committees:||House - Agriculture|
|Latest Action:||House - 02/20/1985 Executive Comment Requested from USDA. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1034 — 99th Congress (1985-1986)All Information (Except Text)
Introduced in House (02/07/1985)
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).