| To amend the Consolidated
Farm and Rural Development Act to provide that agricultural producers that
suffer or are likely to suffer substantial economic injury as the result
of a sharp... (Introduced in the Senate)
S 380 IS
107th CONGRESS
1st Session
S. 380
To amend the Consolidated
Farm and Rural Development Act to provide that agricultural producers that
suffer or are likely to suffer substantial economic injury as the result
of a sharp and significant increase in certain costs are eligible to receive
emergency loans.
IN THE SENATE OF THE UNITED
STATES
February 15, 2001
Mr. KOHL (for himself and Mr.
HARKIN) introduced the following bill; which was read twice and referred
to the Committee on Agriculture, Nutrition, and Forestry
A BILL
To amend the Consolidated
Farm and Rural Development Act to provide that agricultural producers that
suffer or are likely to suffer substantial economic injury as the result
of a sharp and significant increase in certain costs are eligible to receive
emergency loans.
Be it enacted by the
Senate and House of Representatives of the United States of America in
Congress assembled,
SECTION 1. AGRICULTURAL PRODUCER
EMERGENCY LOANS.
Section 321(a) of the Consolidated
Farm and Rural Development Act (7 U.S.C. 1961(a)) is amended in the third
sentence--
(1) by striking `operations
have' and inserting `operations (i) have'; and
(2) by inserting before
the period at the end the following: `, or (ii)(I) are owned or operated
by such an applicant that is also a small business concern (as defined
in section 3 of the Small Business Act (15 U.S.C. 632)), and (II) have
suffered or are likely to suffer substantial economic injury as the result
of a sharp and significant increase in energy costs or input costs from
energy sources'.
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