H.R. 8042 · 116th Congress
Helping America’s Farmers Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HayesSponsor6 cosponsors · 6 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill directs the Farm Service Agency (FSA) of the Department of Agriculture (USDA) to carry out a program to provide economic disaster loans to certain agricultural entities with an adjusted gross income of less than or equal to $500,000.
What it does: CRS summary · Introduced in House · Aug 14, 2020
Helping America's Farmers Act
This bill directs the Farm Service Agency (FSA) of the Department of Agriculture (USDA) to carry out a program to provide economic disaster loans to certain agricultural entities with an adjusted gross income of less than or equal to $500,000.
Under the program, such entities are eligible for loans of up to $2 million and may seek loan forgiveness based on demonstrated economic hardship.In making loans, priority must be given to (1) entities located in states most impacted by an economic disaster; and (2) minority, veteran, and women farmers and ranchers.
The FSA may guarantee a loan to certain agricultural entities with an adjusted gross income of greater than $500,000 if such loan meets certain requirements.
Entities that apply for a loan or loan guarantee may request that the FSA provide an emergency grant of at least $20,000 upon application.
The bill provides funding for USDA to carry out a training program to provide FSA staff with appropriate training relating to economic injury loan processing and servicing.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Helping America’s Farmers Act
Latest action (Sep 11, 2020): Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Policy area: Agriculture and Food · Origin: House · Introduced: Aug 14, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.