118th Congress Agriculture and Food
H.R. 541: BALE Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill revises the limits for the Department of Agriculture (USDA) conservation loan guarantee program.
The bill replaces the existing 80% limit on the portion of a loan that USDA may guarantee with limits that range from 80%-90%, depending on the principal amount of the loan.
For socially disadvantaged or beginning farmers or ranchers, the bill replaces the existing 90% limit with limits that range from 85%-95%, depending on the principal amount of the loan.
Read the full summary
The bill also (1) prohibits USDA from guaranteeing a loan under the program that exceeds $4 million, and (2) requires USDA to adjust the limits annually for inflation.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Robin Kelly D-ILOriginal
- Darin LaHood R-ILOriginal
- Dan Newhouse R-WAOriginal
- Tim Walberg R-MIOriginal
- Jake Ellzey R-TX
- Michael McCaul R-TX
- C. Franklin R-FL
- Lori Chavez-DeRemer R-OR
- Don Bacon R-NE
- Eric Crawford R-AR
- Randy Feenstra R-IA
- Michael Lawler R-NY
Who scored on this bill
- 1Mike Bost SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Mike Bost.
Show the full action history (3 actions)
- Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Introduced in House
- Referred to the House Committee on Agriculture.