[Congressional Record Volume 164, Number 107 (Tuesday, June 26, 2018)]
[Senate]
[Page S4439]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3164. Mr. PETERS (for himself and Mr. Perdue) submitted an 
amendment intended to be proposed by him to the bill H.R. 2, to provide 
for the reform and continuation of agricultural and other programs of 
the Department of Agriculture through fiscal year 2023, and for other 
purposes; which was ordered to lie on the table; as follows:

       After section 5303, insert the following:

     SEC. 5304. USE OF ADDITIONAL COMMODITY CREDIT CORPORATION 
                   FUNDS FOR DIRECT OPERATING MICROLOANS UNDER 
                   CERTAIN CONDITIONS.

       Section 346(b) of the Consolidated Farm and Rural 
     Development Act (7 U.S.C. 1994(b)) is amended by adding at 
     the end the following:
       ``(5) Use of additional commodity credit corporation funds 
     for direct operating microloans under certain conditions.--
       ``(A) In general.--If the Secretary determines that the 
     amount needed for a fiscal year for direct operating loans 
     (including microloans) under subtitle B is greater than the 
     aggregate principal amount authorized for that fiscal year by 
     this Act, an appropriations Act, or any other provision of 
     law, the Secretary shall make additional microloans under 
     subtitle B using amounts made available under subparagraph 
     (B).
       ``(B) Funding.--Of the funds of the Commodity Credit 
     Corporation, the Secretary shall use to make microloans under 
     subtitle B, under the conditions described in subparagraph 
     (A), not more than $5,000,000 for the period of fiscal years 
     2019 through 2023.
       ``(C) Notice.--Not later than 15 days before the date on 
     which the Secretary uses the authority under subparagraphs 
     (A) and (B), the Secretary shall submit a notice of the use 
     of that authority to--
       ``(i) the Committee on Appropriations of the House of 
     Representatives;
       ``(ii) the Committee on Appropriations of the Senate;
       ``(iii) the Committee on Agriculture of the House of 
     Representatives; and
       ``(iv) the Committee on Agriculture, Nutrition, and 
     Forestry of the Senate.''.
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