Ask AI
H.R. 5542

Farm Protection Act of 2014

Farm Protection Act of 2014 - Amends the Agricultural Act of 2014 to require the Secretary of Agriculture (USDA) to extend: (1) the term and any due date of a marketing assistance loan, and (2) the due date for repayment of farm ownership, operating, or emergency loans. Requires the extensions in cases where a farmer has sold, transferred, or delivered the commodity subject to the loan to a purchaser who has filed for bankruptcy prior to payment. Provides that the extensions shall last until after the bankruptcy case is closed or dismissed. Suspends the accrual of interest on the loans during the extension period.

Referred to the Subcommittee on General Farm Commodities and Risk Management.

Rep. Crawford, Eric A. "Rick" [R-AR-1](R-AR)Sponsor
3 cosponsors3 R
3cosponsors1committees4actions1related bills5subjects
  • Introduced in HouseSep 18, 2014
  1. Committee

    Referred to the Subcommittee on General Farm Commodities and Risk Management.

  2. IntroReferralH11100

    Referred to the House Committee on Agriculture.

  3. IntroReferralIntro-H

    Introduced in House

  4. IntroReferral1000

    Introduced in House