[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3497 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 3497

To amend the Farm Credit Act of 1971 to modify rural housing financing 
                            under that Act.


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                   IN THE SENATE OF THE UNITED STATES

                           December 13, 2023

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

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                                 A BILL


 
To amend the Farm Credit Act of 1971 to modify rural housing financing 
                            under that Act.

    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 ``Fostering the Availability in Rural 
Markets of Home Loans Act of 2023'' or the ``FARM Home Loans Act of 
2023''.

SEC. 2. RURAL HOUSING FINANCING.

    Section 1.11(b) of the Farm Credit Act of 1971 (12 U.S.C. 2019(b)) 
is amended--
            (1) in paragraph (2), by striking ``appurtenances'' and 
        inserting ``appurtenances, including accessory dwelling 
        units,''; and
            (2) in paragraph (3), by striking ``2,500'' and inserting 
        ``10,000''.
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