A bill to require the Secretary of Agriculture to make recourse loans available to commercial processors of dairy products during the COVID-19 pandemic, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 29, 2020)
This bill requires the Department of Agriculture to make recourse loans available to commercial processors, packagers, or merchandisers of dairy products during the COVID-19 (i.e., coronavirus disease 2019) pandemic.
The bill also provides funding for the loans and specifies that loans shall be provided to applicants for up to the value of the dairy product inventory of such applicants.
Dairy product inventory used as collateral for the recourse loan program shall be pledged on a rotating basis to prevent spoilage of perishable products.
What just happenedJul 29, 2020
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Who’s behind it
- Introduced in SenateJul 29, 2020
- Jul 29, 2020IntroReferral
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Agriculture, Nutrition, and Forestry Committee - Jul 29, 2020IntroReferral10000
Introduced in Senate