3.0.0 2797 2022-11-01T05:32:26Z 2022-11-01T05:32:26Z House HR 2019-05-16 116 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BOST:H.R. 2797.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause I of the United StatesConstitution.[Page H3925]]]> hsag00 Agriculture Committee House Standing hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee Referred to 2019-06-10T20:02:13Z Referred to 2019-05-16T14:02:15Z 2019-06-10 hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee 1 House committee actions Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Committee 2019-05-16 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2019-05-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-05-16 Introduced in House IntroReferral 1000 9 Library of Congress B001295 Rep. Bost, Mike [R-IL-12] Mike Bost R IL 12 N K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2019-05-16 True D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2019-05-16 True Y000065 Rep. Yoho, Ted S. [R-FL-3] Ted Yoho R FL S. 3 2019-05-16 True O000171 Rep. O'Halleran, Tom [D-AZ-1] Tom O'Halleran D AZ 1 2019-05-16 True L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 2019-06-11 False M001198 Rep. Marshall, Roger [R-KS-1] Roger Marshall R KS 1 2019-06-12 False M001194 Rep. Moolenaar, John R. [R-MI-4] John Moolenaar R MI R. 4 2019-06-13 False Agriculture and Food Agricultural conservation and pollution Agricultural prices, subsidies, credit Government lending and loan guarantees Minority and disadvantaged businesses Agriculture and Food 00 2019-05-16 Introduced in House 2019-11-07T20:38:26Z Beginning Agriculturalist Lifetime Employment Act of 2019 or the BALE Act of 2019

This bill revises the limits for the Department of Agriculture (USDA) conservation loan guarantee program.

The bill replaces the existing 80% limit on the portion of a loan that USDA may guarantee with limits that range from 80%-90%, depending on the principal amount of the loan.

For socially disadvantaged or beginning farmers or ranchers, the bill replaces the existing 90% limit with limits that range from 85%-95%, depending on the principal amount of the loan.

The bill also (1) prohibits USDA from guaranteeing a loan under the program that exceeds $3.5 million, and (2) requires USDA to adjust the limits annually for inflation.

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BALE Act of 2019 Display Title BALE Act of 2019 Official Title as Introduced To amend the Agricultural Act of 1961 to modify the limitations applicable to qualified conservation loan guarantees, and for other purposes. Introduced in House IH Short Title(s) as Introduced BALE Act of 2019 Introduced in House IH Short Title(s) as Introduced Beginning Agriculturalist Lifetime Employment Act of 2019 Introduced in House IH Introduced in House 2019-05-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2797ih/xml/BILLS-116hr2797ih.xml 2019-06-10 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.