H.R.1297: Agricultural Credit Expansion Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about agriculture and food
You can read the bill
Sponsor Bill Owens, D-N.Y.
Total Cosponsors 2 (1 Democrat, 1 Republican)
Introduced March 20, 2013
Latest Major Action April 23, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Agricultural Credit Expansion Act - Amends the Consolidated Farm and Rural Development Act to expand eligibility for Farm Service Agency operating loans, farm ownership loans, conservation loans, and emergency loans.

Deems specified embedded entities (an entity owned wholly or in part by another entity) eligible for farm ownership and operating loans.

Deems specified operating-only entities eligible for farm ownership loans.

Deems an entity that is an owner-operator or operator to meet the direct ownership loan requirement if it is owned in whole or in part by other entities and each individual that is an owner of the family farm involved has an ownership interest in each of the other entities.

(Source: Congressional Research Service)

Bill Actions

Date Description
April 23, 2013 Referred to the Subcommittee on Livestock, Rural Development, and Credit.
March 20, 2013 Referred to the House Committee on Agriculture.