S. 4354
Referred to CommitteeA 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.
Latest Action
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
7/29/2020 • Senate
Summary
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.
Introduced in Senate • 7/29/2020
Topics & Subjects
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Bill Journey
Originated in the Senate
Introduced
July 29, 2020
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law