S.Amdt. 3164

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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