[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 380 Introduced in Senate (IS)]







107th CONGRESS
  1st Session
                                 S. 380

  To amend the Consolidated Farm and Rural Development Act to provide 
    that agricultural producers that suffer or are likely to suffer 
 substantial economic injury as the result of a sharp and significant 
   increase in certain costs are eligible to receive emergency loans.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 15, 2001

 Mr. Kohl (for himself and Mr. Harkin) introduced the following bill; 
  which was read twice and referred to the Committee on Agriculture, 
                        Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
  To amend the Consolidated Farm and Rural Development Act to provide 
    that agricultural producers that suffer or are likely to suffer 
 substantial economic injury as the result of a sharp and significant 
   increase in certain costs are eligible to receive emergency loans.

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

SECTION 1. AGRICULTURAL PRODUCER EMERGENCY LOANS.

    Section 321(a) of the Consolidated Farm and Rural Development Act 
(7 U.S.C. 1961(a)) is amended in the third sentence--
            (1) by striking ``operations have'' and inserting 
        ``operations (i) have''; and
            (2) by inserting before the period at the end the 
        following: ``, or (ii)(I) are owned or operated by such an 
        applicant that is also a small business concern (as defined in 
        section 3 of the Small Business Act (15 U.S.C. 632)), and (II) 
        have suffered or are likely to suffer substantial economic 
        injury as the result of a sharp and significant increase in 
        energy costs or input costs from energy sources''.
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