[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1969 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1969

To require the disregard of debt forgiveness that is more than 7 years 
   old in applying the loan and loan servicing limitations under the 
              Consolidated Farm and Rural Development Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 19, 1997

 Mr. Cooksey introduced the following bill; which was referred to the 
                        Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
To require the disregard of debt forgiveness that is more than 7 years 
   old in applying the loan and loan servicing limitations under the 
              Consolidated Farm and Rural Development Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEBT FORGIVENESS MORE THAN 7 YEARS OLD TO BE DISREGARDED IN 
              APPLYING LOAN AND LOAN SERVICING LIMITATIONS UNDER THE 
              CONSOLIDATED FARM AND RURAL DEVELOPMENT ACT.

    Section 373 of the Consolidated Farm and Rural Development Act (7 
U.S.C. 2008h) is amended in each of subsections (b)(1) and (c) by 
inserting ``, during the past 7 years,'' after ``received debt 
forgiveness''.
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