An amendment numbered 1 printed in Part B of House Report 113-340 to remove the subsidy to agricultural loans and require that interest be repaid on the capital costs of a project. Currently, agriculture has 40 years to repay capital cost, interest free. Other constituencies, such as municipal entities, are required by law to pay interest.

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Amendment Number
543
Description
An amendment numbered 1 printed in Part B of House Report 113-340 to remove the subsidy to agricultural loans and require that interest be repaid on the capital costs of a project. Currently, agriculture has 40 years to repay capital cost, interest free. Other constituencies, such as municipal entities, are required by law to pay interest.
Purpose
Amendment sought to remove the subsidy for agricultural loans and to require that interest be repaid on the capital costs of a project.
Congress
113
Type
HAMDT
Latest Action Date
Feb 5, 2014
Latest Action Text
On agreeing to the Napolitano amendment (A001) Failed by recorded vote: 179 - 239 (Roll no. 42).
Latest Action Time
17:46:03
Submitted Date
Feb 5, 2014
Chamber
House of Representatives
Update Date
Jul 6, 2021
Amendment 543 — Informed