[Congressional Record Volume 165, Number 171 (Tuesday, October 29, 2019)]
[Senate]
[Page S6250]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1229. Mr. PETERS (for himself, Ms. Stabenow, Mr. Jones, and Mr. 
Tester) submitted an amendment intended to be proposed to amendment SA 
948 proposed by Mr. Shelby to the bill H.R. 3055, making appropriations 
for the Departments of Commerce and Justice, Science, and Related 
Agencies for the fiscal year ending September 30, 2020, and for other 
purposes; which was ordered to lie on the table; as follows:

        At the appropriate place in title VII of division B, 
     insert the following:
       Sec. 7__. (a) Notwithstanding any other provision of law, 
     of the funds of the Commodity Credit Corporation, the 
     Secretary of Agriculture (referred to in this section as the 
     ``Secretary'') may use for the cost of loan guarantees not 
     more than $30,000,000 to carry out the interest rate 
     reduction program established under section 351 of the 
     Consolidated Farm and Rural Development Act (7 U.S.C. 1999).
       (b)(1) Not later than 90 days after the date of enactment 
     of this Act, the Secretary shall advertise to current 
     borrowers the process and opportunity by which a borrower 
     may, pursuant to section 331A(a) of the Consolidated Farm and 
     Rural Development Act (7 U.S.C. 1981a(a)), request deferral 
     of principal and interest in order to forgo foreclosure.
       (2) The Secretary shall submit a quarterly report 
     describing the number of requests under paragraph (1) 
     submitted, approved, and denied to--
       (A) the Committee on Agriculture, Nutrition, and Forestry 
     of the Senate;
       (B) the Committee on Agriculture of the House of 
     Representatives;
       (C) the Committee on Appropriations of the Senate; and
       (D) the Committee on Appropriations of the House of 
     Representatives.
       (c) For purposes of providing equitable relief under 
     section 366 of the Consolidated Farm and Rural Development 
     Act (7 U.S.C. 2008a), the Secretary may consider a good faith 
     claim of a borrower of misunderstanding due to ambiguous or 
     unclear guidance or a change in normal procedure to be 
     reliance on the advice of the Secretary under subsection 
     (b)(2) of that section.
       (d) The amounts made available under this section are 
     designated by Congress as being for emergency requirements 
     pursuant to section 251(b)(2)(A)(i) of the Balanced Budget 
     and Emergency Deficit Control Act of 1985 (2 U.S.C. 
     901(b)(2)(A)(i)).
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