A bill to provide emergency assistance to persons engaged in the cattle raising business by authorizing the Secretary of Agriculture, for a temporary period of time, to guarantee loans made to such persons until they can sell their livestock.
Latest action. Referred to Senate Committee on Agriculture and Forestry.
States that in order to provide temporary emergency assistance to persons engaged in the cattle raising business during the current period of declining cattle prices, the Secretary of Agriculture is authorized to guarantee and make commitments to guarantee the repayment of 90 percent of the outstanding principal amount of any loan made to any such person by a bank or other lending institution for the purpose of assisting such person to purchase cattle, to feed his cattle and otherwise maintain his farm or ranch operation. Authorizes the Secretary to guarantee the repayment of 90 percent of the outstanding principal amount of any loan made to any such person prior to the date of enactment of this Act and which is renewed or extended by the lending institution holding such loan. Specifies that the authority of the Secretary to guarantee loans under this Act shall expire June 30, 1975.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on June 7, 1974. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on June 7, 1974: Referred to Senate Committee on Agriculture and Forestry.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
JOSEPH MONTOYA (D-NM) introduced it on June 7, 1974, and 7 members have since signed on as cosponsors.
They come from both major parties: 6 Democrats, 1 Republican.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on June 7, 1974, 19088 days ago. The most recent recorded action was 19088 days ago, on June 7, 1974.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers