,,ii  #aafth ,,congress  #b;d ,session  
,s4 #dced  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bi1     
#bjbj ,ms4 ,smith introduced the        
following bill2 which was read twice and
 referred to the ,committee on          
,agriculture1 ,nutrition1 and ,forestry 
,a ,,bill  ,to require the ,secretary of
 ,agriculture to make recourse loans    
available to commercial processors of   
dairy products during the ,,covid-#ai   
pandemic1 and for other purposes4  #a4  
,recourse loan program for commercial   
processors of dairy products  7a7       
,definitions ,in this section3 7#a7     
,,covid-#ai ,the term ,,covid-#ai means 
the disease caused by ,,sars-,co,v-#b1  
or any viral strain mutating therefrom  
with pandemic potential4  7#b7 ,eligible
 dairy product ,the term eligible dairy 
product means any dairy product1 whether
 in base commodity or finished product  
form4  7#c7 ,qualified applicant ,the   
term qualified applicant means any      
commercial processor1 packager1 or      

merchandiser of eligible dairy products 
that is impacted by ,,covid-#ai4  7#d7  
,secretary ,the term ,secretary means   
the ,secretary of ,agriculture4  7b7    
,availability of loans ,the ,secretary  
shall make recourse loans available to  
qualified applicants during the         
,,covid-#ai pandemic4  7c7 ,amount of   
loans  7#a7 ,in general ,a recourse loan
 made under this section shall be       
provided to qualified applicants up to  
the value of the eligible dairy product 
inventory of the applicant1 as          
determined by the ,secretary and        
consistent with subsection 7d74  7#b7   
,valuation ,for purposes of making      
recourse loans under this section1 the  
,secretary shall conduct eligible dairy 
product valuations to provide1 to the   
maximum extent practicable1 funds to    
continue the operations of qualified    
applicants4  7d7 ,inventory used as     
collateral ,eligible dairy product      
inventory used as collateral for the    
recourse loan program under this section

 shall be pledged on a rotating basis to
 prevent spoilage of perishable         
products4  7e7 ,term of loans ,a        
recourse loan under this section may be 
made for a period as determined by the  
,secretary1 except that no recourse loan
 under this section may end after the   
date that is #bd months after the date  
of enactment of this section4  7f7      
,funding ,out of any amounts in the     
,treasury not otherwise appropriated1   
there is appropriated to carry out this 
section #ejj1jjj1jjj4  7g7 ,emergency   
designation  7#a7 ,in general ,the      
amounts provided by this ,act are       
designated as an emergency requirement  
pursuant to section #d7;g7 of the       
,statutory ,pay-,as-,you-,go ,act of    
#bjaj 7#b ,u4,s4,c4 #icc7;g774  7#b7    
,designation in ,senate ,in the ,senate1
 this ,act is designated as an emergency
 requirement pursuant to section        
#daab7;a7 of ,h4 ,con4 ,res4 #ga 7#aaeth
 ,congress71 the concurrent resolution  
on the budget for fiscal year #bjah4