,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #eedb  ,,in ,,the ,,house ,,of  
,,representatives  ,september #ah1 #bjad
 ,mr4 ,crawford 7for himself1 ,mr4      
,griffin of ,arkansas1 ,mr4 ,womack1 and
 ,mr4 ,cotton7 introduced the following 
bill2 which was referred to the         
,committee on ,agriculture  ,a ,,bill   
,to amend the ,agricultural ,act of     
#bjad to require the ,secretary of      
,agriculture to extend the term of a    
marketing assistance loan and the       
deadline for repayment of a farm        
ownership1 operating1 or emergency loan 
when the purchaser of the agricultural  
commodity subject to the marketing      
assistance loan declared bankruptcy     
before paying the farmer for the        
commodity4  #a4 ,short title ,this ,act 
may be cited as the ,farm ,protection   
,act of #bjad4  #b4 ,extension of       
marketing assistance loans and deadline 
for repayment of farm ownership1        
operating1 or emergency loans in certain
 cases of bankruptcy ,section #abjc7;b7 

of the ,agricultural ,act of #bjad 7#g  
,u4,s4,c4 #ijcc7;b77 is amended--  7#a7 
by striking ,the ,secretary and         
inserting the following3  7#a7 ,in      
general ,except as provided in paragraph
 7#b71 the ,secretary  2 and  7#b7 by   
adding at the end the following new     
paragraph3  7#b7 ,extension of certain  
loans in event of purchaser bankruptcy  
7,a7 ,in general ,this paragraph applies
 whenever--  7i7 the producers on a farm
 have a marketing assistance loan under 
section #abja for a loan commodity2     
7ii7 the producers have sold1           
transferred1 or delivered the loan      
commodity subject to the loan to a      
purchaser2 and  7iii7 a case under any  
chapter of title #aa1 ,united ,states   
,code 7in this paragraph referred to as 
a chapter #aa bankruptcy71 has been     
commenced in which the purchaser is the 
debtor4  7,b7 ,extension for non-payment
 ,if a chapter #aa bankruptcy in which  
the purchaser of a loan commodity is the
 debtor1 as described in subparagraph   

7,a71 is commenced before the purchaser 
pays the producers in full for the loan 
commodity1 the ,secretary shall extend1 
to a date that is not less than #ahj    
days after the date on which the chapter
 #aa bankruptcy is closed or dismissed--
  7i7 the term and any due date for any 
payment or obligation pursuant to the   
marketing assistance loan of the        
producers2 and  7ii7 the due date for   
any payment or obligation pursuant to   
any ownership1 operating1 or emergency  
loan made to the producers under the    
,consolidated ,farm and ,rural          
,development ,act 7#g ,u4,s4,c4 #aiba et
 seq474  7,c7 ,related suspensions  7i7 
,accrual of interest ,if the purchaser  
of the loan commodity has already taken 
possession of the loan commodity1 the   
,secretary also shall suspend the       
accruing of interest on the loans       
described in subparagraph 7,b7 during   
the period of the extension under such  
subparagraph4  7ii7 ,recovery actions   
,if a trustee in the purchaser's chapter

 #aa bankruptcy seeks recovery of all or
 any portion of a purchase price paid to
 or on behalf of the producers for the  
loan commodity1 the ,secretary also     
shall suspend any efforts to collect    
from the producers any amounts related  
to such recovery or potential recovery  
until a date that is not less than #ahj 
days after the final resolution of the  
action to recover all or any portion of 
the purchase price4  4