A bill to amend the Consolidated Farm and Rural Development Act.
Latest action. public lawWhat a bill becomes when enacted, numbered by Congress and order of enactment: Public Law 119-4 is the 4th law of the 119th Congress.Read the full definition (opens a new tab) 96-438.
(Conference report filed in House, H. Rept. 96-1394) Amends the Consolidated Farm and Rural Development Act to authorize the Farmers Home Administration to make or insure loans for: (1) the acquisition, installation, and modification of nonfossil energy systems on family farms; (2) community facilities to communities with populations up to 20,000 people (presently 10,000); and (3) the promotion of rural industrialization by encouraging the development of energy systems not utilizing fossil fuels. Includes aliens legally admitted for permanent residence among those eligible for all Farmers Home Administration programs authorized under such Act. Requires that any limitations on the amount of emergency loans to any one borrower, which may be imposed by the Secretary by regulation, take into consideration the operations and financial status of each borrower. Directs the Secretary of Agriculture to conduct the emergency loan program under such Act so as to foster and encourage the family system of agriculture. Prohibits making or insuring loans exceeding the amount of actual loss unless the Secretary determines the applicant is unable to obtain a guaranteed loan from a private or cooperative lending agency sufficient to finance actual needs. Directs the Secretary to require at least one written indication of declination of credit for loans up to $300,000 and at least two such written indications for loans over $300,000. Authorizes the Secretary to waive such requirement for loans up to $300,000 if an undue burden would be imposed on any applicant. Limits the amount of any emergency loan covering actual loss caused by a disaster to the amount of actual loss on $500,000, whichever is less, per disaster. Limits the amount of any emergency loan for purposes other than to cover actual losses to an amount that would not cause the total unpaid indebtedness of the borrower for such loans to exceed differing specified amounts for fiscal years 1980, 1981, and 1982. Authorizes the Secretary to make or insure emergency loans, notwithstanding specified credit requirements, to applicants able to obtain sufficient credit elsewhere to finance their actual needs at reasonable rates and terms: (1) limited to the actual loss up to $500,000 per disaster; (2) at interest rates prescribed by the Secretary, but not in excess of the cost of money to the Government plus an additional charge of up to one percent per year; and (3) subject to other terms and conditions for similar emergency loans. Requires that, under the emergency loan program, the interest rate for guaranteed loans exceeding the amount of the actual loss be negotiable, but not in excess of a rate the Secretary may determine. Authorizes the Secretary to pay interest subsidies in specified limited amounts to lenders for those portions of guaranteed loans representing actual losses. Shortens the length of time for which subsequent emergency loans for annual operating purposes are authorized, from five additional years to two additional years. Specifies the maximum aggregate principal amounts for insured and guaranteed real estate, operating, and emergency loans under the Agriculture Credit Insurance Fund; and water sewer facility, industrial development, and community facility loans under the Rural Development Insurance Fund for each of the fiscal years 1980, 1981, and 1982. Directs the Secretary to develop, and submit to the appropriate congressional committees, long-term cost projections for specified loan programs.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Conference report filed in House" stage on September 25, 1980. It describes the bill, it is not the legal text.
Public Law 96-438.
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Where is it in the process, and what happens next?
The latest action on file does not map to a stage Civibrief recognizes, so the page will not name one. The record's own words are the reliable fact here.
The record's latest action, on October 13, 1980: Public Law 96-438.
How likely is it to become law?
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In the 96th Congress (1979-80), 613 of the 12,581 bills and joint resolutions introduced became law, about 4.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one has no outstanding steps 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?
HERMAN TALMADGE (D-GA) introduced it on April 23, 1979. No cosponsors are recorded.
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 April 23, 1979, 17307 days ago. The most recent recorded action was 16768 days ago, on October 13, 1980.
Measures do not carry over. Anything the 96th Congress has not finished by January 3, 1981 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
- SenatePublic Law 96-438.
- HouseNot stated in the latest action
- PresidentNot stated in the latest action