3.0.0 3602 2023-01-11T13:42:45Z 2023-01-11T13:42:45Z Senate S 2020-05-05 116 ssfi00 Finance Committee Senate Standing Referred to 2020-05-05T19:22:46Z Relief for America's Small Farmers Act 116 6683 HR 2020-08-13 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Identical bill CRS 2020-05-05 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-05-05 Introduced in Senate IntroReferral 10000 9 Library of Congress G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. N M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2020-05-05 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2020-05-05 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2020-05-05 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2020-05-20 False Agriculture and Food Agricultural prices, subsidies, credit Government lending and loan guarantees Income tax exclusion Agriculture and Food 00 2020-05-05 Introduced in Senate 2021-12-06T19:44:11Z Relief for America's Small Farmers Act

This bill provides loan forgiveness of up to $250,000 for certain borrowers who are actively engaged in farming, have an average annual adjusted gross income of $300,000 or less over the previous five years, and have certain Department of Agriculture farm loans.

The loan forgiveness is subject to the condition that the applicable borrower must continue to be actively engaged in farming for at least two years after receiving such forgiveness.

]]> Relief for America's Small Farmers Act Display Title Relief for America's Small Farmers Act Short Title(s) as Introduced Relief for America's Small Farmers Act Introduced in Senate IS Official Title as Introduced A bill to provide loan forgiveness for certain borrowers of Department of Agriculture direct farm loans, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-05-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3602is/xml/BILLS-116s3602is.xml 2020-05-05 Read twice and referred to the Committee on Finance. 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.