Ask AI
S. 2023

Relief for America's Small Farmers Act

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.

Read twice and referred to the Committee on Finance.

Sen. Gillibrand, Kirsten E. [D-NY](D-NY)Sponsor
9 cosponsors8 D1 I
9cosponsors1committees2actions1related bills6subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Relief for America's Small Farmers Act — Informed