3.0.0 541 2024-07-24T15:24:00Z 2024-07-24T15:24:00Z House H HR 2023-01-26 118 [Congressional Record Volume 169, Number 17 (Thursday, January 26, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BOST:H.R. 541.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The single subject of this legislation is:Legislation pertains solely to agricultural lending forfarmers and ranchers.[Page H429]]]> hsag00 Agriculture Committee House Standing hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee Referred to 2023-02-13T19:37:31Z Referred to 2023-01-26T15:05:20Z 2023-02-13 hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee 1 House committee actions Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. Committee 2023-01-26 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2023-01-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-26 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 2023-01-26 True N000189 Rep. Newhouse, Dan [R-WA-4] Dan Newhouse R WA 4 2023-01-26 True W000798 Rep. Walberg, Tim [R-MI-5] Tim Walberg R MI 5 2023-01-26 True L000585 Rep. LaHood, Darin [R-IL-16] Darin LaHood R IL 16 2023-01-26 True M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2023-01-30 False E000071 Rep. Ellzey, Jake [R-TX-6] Jake Ellzey R TX 6 2023-01-30 False F000472 Rep. Franklin, C. Scott [R-FL-18] C. Franklin R FL Scott 18 2023-05-10 False C001135 Rep. Chavez-DeRemer, Lori [R-OR-5] Lori Chavez-DeRemer R OR 5 2023-05-11 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2023-05-15 False F000446 Rep. Feenstra, Randy [R-IA-4] Randy Feenstra R IA 4 2023-06-07 False C001087 Rep. Crawford, Eric A. "Rick" [R-AR-1] Eric Crawford R AR A. "Rick" 1 2023-06-07 False L000599 Rep. Lawler, Michael [R-NY-17] Michael Lawler R NY 17 2023-09-01 False Agriculture and Food Agriculture and Food 2023-02-10T13:46:09Z 00 2023-01-26 Introduced in House 2023-02-14T00:08:34Z Beginning Agriculturalist Lifetime Employment Act of 2023 or the BALE Act of 2023

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 $4 million, and (2) requires USDA to adjust the limits annually for inflation.

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BALE Act of 2023 Display Title 45 BALE Act of 2023 2024-07-24T15:24:00Z Short Title(s) as Introduced 101 BALE Act of 2023 2024-05-24T13:42:50Z Introduced in House IH Short Title(s) as Introduced 101 Beginning Agriculturalist Lifetime Employment Act of 2023 2024-05-24T13:42:50Z Introduced in House IH Official Title as Introduced 6 To amend the Agricultural Act of 1961 to modify the limitations applicable to qualified conservation loan guarantees, and for other purposes. 2024-03-18T20:14:36Z Introduced in House IH Introduced in House 2023-01-26T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr541ih/xml/BILLS-118hr541ih.xml 2023-02-13 Referred to the Subcommittee on General Farm Commodities, Risk Management, 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.