Relief for America's Small Farmers Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 10, 2021)
Relief for America's Small Farmers Act
This bill provides loan forgiveness of up to $250,000 for certain borrowers who are actively engaged in farming, have an average annual adjusted gross income of $300,000 or less over the previous five years, and have certain Department of Agriculture farm loans.
The loan forgiveness is subject to the condition that the applicable borrower must continue to be actively engaged in farming for at least two years after receiving such forgiveness.
The bill provides emergency funding for loan forgiveness.
What just happenedJun 10, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJun 10, 2021
- Jun 10, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 10, 2021IntroReferral10000
Introduced in Senate