Relief for America's Small Farmers Act
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2021
Committee Review
Floor Vote
President
Introduced Jun 10, 2021
Last action Jun 10, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 10, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Jun 10, 2021
Introduced
Introduced in Senate
upper
1 primary · 9 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Kirsten E. Gillibrand
DDemocratic
Co
Ben Ray Luján
DDemocratic
Co
Bernard Sanders
IIndependent
Co
Cory A. Booker
DDemocratic
Co
Dianne Feinstein
DDemocratic
Co
Jeff Merkley
DDemocratic
Co
Patrick J. Leahy
DDemocratic
Co
Raphael G. Warnock
DDemocratic
Co
Ron Wyden
DDemocratic
Co
Tina Smith
DDemocratic
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