S 368

112th CONGRESS
1st Session

S. 368

To amend the Consolidated Farm and Rural Development Act to suspend a limitation on the period for which certain borrowers are eligible for guaranteed assistance.

IN THE SENATE OF THE UNITED STATES

February 16, 2011

Mr. KOHL (for himself, Mr. GRASSLEY, Ms. LANDRIEU, Mr. UDALL of Colorado, Ms. KLOBUCHAR, Mr. DURBIN, Mr. BENNET, Mr. JOHNSON of South Dakota, Mr. HARKIN, Mr. LEAHY, Mr. NELSON of Nebraska, Mr. CONRAD, and Mrs. GILLIBRAND) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry


A BILL

To amend the Consolidated Farm and Rural Development Act to suspend a limitation on the period for which certain borrowers are eligible for guaranteed assistance.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SUSPENSION OF LIMITATION ON PERIOD FOR WHICH BORROWERS ARE ELIGIBLE FOR GUARANTEED ASSISTANCE.

    Section 319(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1949(b)) is amended--

      (1) in paragraph (1), by striking `paragraph (2)' and inserting `paragraphs (2) and (3)'; and

      (2) by adding at the end the following:

      `(3) SUSPENSION- During the period beginning December 31, 2010, and ending December 31, 2013, paragraph (1) shall have no force or effect.'.

END