S.Amdt. 2071Senate115th Congress (2017-2019)
S.Amdt. 2071
Sponsored by
Sen. John Hoeven (R-ND)
Submitted March 7, 2018
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Senate amendment submitted
March 7, 2018
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Submitted
SA 2071. Mr. HOEVEN submitted an amendment intended to be proposed by him to the bill S. 2155, to promote economic growth, provide tailored regulatory relief, and enhance consumer protections, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. __. 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 ``2018''. (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 ``2018''. ______