H.R. 4210 – Reading Mode

108th CONGRESS

2d Session

H. R. 4210

IN THE HOUSE OF REPRESENTATIVES

April 22, 2004

Mr. LoBiondo (for himself and Mr. Allen) introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To amend the Farm Credit Act of 1971 to support the commercial fishing industry.

Extension of credit to businesses providing services to producers or harvesters of aquatic products

(a)

Farm credit banks

(1)

Eligibility for credit and financial services

Section 1.9 of the Farm Credit Act of 1971 (12 U.S.C. 2017) is amended—

(A)

by striking or at the end of paragraph (2);

(B)

by striking the period at the end of paragraph (3) and inserting ; or; and

(C)

by adding at the end the following:

(4)

persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs.

(2)

Purposes for extensions of credit

Section 1.11(c)(1) of such Act (12 U.S.C. 2019(c)(1)) is amended by inserting and to persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products after needs.

(b)

Production credit associations

Section 2.4(a) of such Act (12 U.S.C. 2075(a)) is amended—

(1)

by striking and at the end of paragraph (2);

(2)

by striking the period at the end of paragraph (3) and inserting ; and; and

(3)

by adding at the end the following:

(4)

persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs.