[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 3229 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 3229

  To amend the Consolidated Farm and Rural Development Act to adjust 
limitations on certain Farm Service Agency guaranteed and direct loans.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 14, 2016

  Mr. Hoeven (for himself and Ms. Klobuchar) 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 adjust 
limitations on certain Farm Service Agency guaranteed and direct loans.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Capital for Farmers and Ranchers Act 
of 2016''.

SEC. 2. FARM LOAN FUNDING REFORM.

    (a) Limitations on Amount of Farm Ownership Loans.--Section 
305(a)(2) of the Consolidated Farm and Rural Development Act (7 U.S.C. 
1925(a)(2)) is amended--
            (1) by striking ``$300,000'' and inserting ``$600,000'';
            (2) by striking ``$700,000'' and inserting ``$2,500,000''; 
        and
            (3) by striking ``2000'' and inserting ``2016''.
    (b) Limitations on Amount of Operating Loans.--Section 313(a)(1) of 
the Consolidated Farm and Rural Development Act (7 U.S.C. 1943(a)(1)) 
is amended--
            (1) by striking ``$300,000'' and inserting ``$600,000'';
            (2) by striking ``$700,000'' and inserting ``$2,500,000''; 
        and
            (3) by striking ``2000'' and inserting ``2016''.
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