,,ib ,union ,cal5d> ,no4 #bgi #aag?     
,,congress  #b;d ,session  ,h4 ,r4 #dadj
 ,report ,no4 #aag-cfh ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,june #bd1        
#bjba,mr4 ,johnson ( ,s\? ,dakota 7=    
himself1 ,ms4 ,spanb]g]1 ,mr4 ,mann1    
,mrs4 ,h>tzl]1 ,mr4 ,baird1 ,mr4        
,cuell>1 ,mrs4 ,fis*ba*1 ,mr4 ,fe5/ra1 &
 ,mr4 ,lucas7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,agriculture  ,june #ad1                
#bjbb;,additional sponsors3 ,mr4 ,smi? (
 ,nebraska1 ,mr4 ,delgado1 ,mrs4        
,cammack1 ,mr4 ,we/]man1 ,mrs4 ,h>%b>g]1
 ,ms4 ,*5ey1 ,mr4 ,cl9e1 ,mr4 ,emm]1    
,mrs4 ,axne1 ,ms4 ,wexton1 ,mr4         
,o',hall]an1 & ,mr4 ,got!im]  ,june #ad1
 #bjbb,report$ ) an am5dm5t2 committ$ to
 ! ,committee ( ! ,:ole ,h\se on ! ,/ate
 ( ! ,union & ord]$ to be printed,strike
 out all aft] ! enact+ clause & ins]t ! 
"p pr9t$ 9 italic,for text ( introduc$  
bill1 see copy ( bill z introduc$ on    
,june #bd1 #bjba  ,a ,,bill  ,to make   
improvem5ts ) respect to ! pric+ (      

cattle 9 ! ,unit$ ,/ates1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,but*] ,block ,act4  #b4   
,assi/ance = new & exp&$ live/ock or    
meat processors  7a7 ,9 g5]al ,!        
,secret>y ( ,agriculture 79 ?is section 
ref]r$ to z ! ,secret>y7 may make or    
gu>antee a loan = ! purpose (-- 7#a7    
increas+ capacity ( live/ock & p\ltry   
process+1 facilitat+ economic           
opportunity = live/ock & p\ltry produc]s
 ?r\gh process+ activities1 & div]sify+ 
process+ own]%ip2  7#b7 increas+ !      
cu/om] base or rev5ue returns ( live/ock
 & p\ltry produc]s ?r\gh inve/m5t 9     
process+ capacity2  7#c7 improv+1       
develop+1 or f9anc+ live/ock & p\ltry   
process+ capacity or employm5t includ+  
?r\gh ! f9anc+ ( work+ capital2 or  7#d7
 promot+ ! int]/ate trade & local sales 
( process$ live/ock & p\ltry by f9anc+  
improvem5ts to meet relevant ,f$]al1    
,/ate1 & local regulatory /&>ds4  7b7   
,eligibility2 g5]al limitations  7#a7   
,eligible recipi5t ,an entity %all be   

eligible = a loan or gu>antee "u ?is    
section if ! entity is-- 7,a7 a public1 
private1 or coop]ative organization     
organiz$ on a =-pr(it or nonpr(it basis2
  7,b7 an ,indian tribe on a ,f$]al or  
,/ate res]vation1 or any o!r f$]ally    
recogniz$ ,indian tribal gr\p2 or  7,c7 
an individual4  7#b7 ,facility location 
7,a7 ,9 g5]al ,except z provid$ 9       
subp>agraph 7,b71 a facility con/ruct$1 
exp&$1 modifi$1 refurbi%$1 or re-equipp$
 ) proce$s f a loan made or gu>ante$ "u 
?is section %all be 9 a rural area4     
7,b7 ,exception ,a facility con/ruct$1  
exp&$1 modifi$1 refurbi%$1 or re-equipp$
 ) proce$s f a loan made or gu>ante$ "u 
?is section may be 9 a non-rural area   
if-- 7i7 ! prim>y use ( ! loan involv$  
is = ! facility1 & ! facility w increase
 ! cu/om] base or rev5ue returns (      
live/ock & p\ltry produc]s t are locat$ 
)9 #cjj miles ( ! facility2  7ii7 ! loan
 involv$ w be us$ to increase ! capacity
 9 live/ock & p\ltry process+ 9 a       
region2 &  7iii7 ! pr9cipal am\nt ( !   

loan involv$ does n exce$ #ej1jjj1jjj4  
7,c7 ,rural area def9$ ,9 ?is p>agraph1 
! t]m rural area has ! mean+ giv5 ! t]m 
9 section #cdc7;a77#ac7 ( ! ,consolidat$
 ,f>m & ,rural ,developm5t ,act 7#g     
,u4,s4,c4 #aiia7;a77#ac774  7#c7        
,limitations  7,a7 ,limitation on am\nt 
( loan involv$ ,a loan ( m ?an          
#ej1jjj1jjj may n be made or gu>ante$ "u
 ?is section4  7,b7 ,limitation on      
eligibility ,a loan may n be made or    
gu>ante$ "u ?is section to an entity t  
is own$ 9 p>tn]%ip or 9 :ole by-- 7i7 a 
=eign entity2 or  7ii7 an entity t      
curr5tly processes ov] #e p]c5t ( !     
daily h>ve/ ( any species4  7c7 ,special
 rules applicable ) respect to          
coop]atives  7#a7 ,limitation on am\nt (
 loan involv$  7,a7 ,9 g5]al ,not)/&+   
subsection 7b77#c71 a loan ( n m ?an    
#ajj1jjj1jjj may be made or gu>ante$ = a
 coop]ative organization "u ?is section4
  7,b7 ,conditions applicable if loan   
involv$ is = m ?an #ej1jjj1jjj ,a loan (
 m ?an #ej1jjj1jjj may n be made or     

gu>ante$ = a coop]ative organization "u 
?is section unless ! loan is us$ to c>ry
 out a project t significantly increases
 ! live/ock & p\ltry process+ 9 a       
region1 :]e insuffici5t process+        
capacity exi/s1 z det]m9$ by !          
,secret>y4  7#b7 ,intangible assets     
7,a7 ,9 g5]al ,9 det]m9+ :e!r a         
coop]ative organization is eligible = a 
loan or gu>antee "u ?is section1 !      
,secret>y may consid] ! m>ket value ( a 
prop]ly apprais$ br& "n1 pat5t1 or      
tradem>k ( ! coop]ative4  7,b7 ,acc\nts 
receivable ,9 ! sole discretion ( !     
,secret>y1 if ! ,secret>y det]m9es t !  
action w\ld n create or o!rwise         
contribute to an unreasonable risk (    
default or loss to ! ,f$]al ,gov]nm5t1 !
 ,secret>y may take acc\nts receivable z
 security = ! obligations ent]$ into 9  
connection ) a loan made or gu>ante$ "u 
?is section1 & a borr[] may use acc\nts 
receivable z collat]al to secure su* a  
loan4  7#c7 ,pur*ase ( coop]ative /ock  
7,a7 ,9 g5]al ,! ,secret>y may make or  

gu>antee a loan 9 accordance ) ?is      
section to an individual f>m] or ran*] =
 ! purpose ( pur*as+ capital /ock ( a   
f>m] or ran*] coop]ative und]tak+ an    
eligible project "u ?is section4  7,b7  
,process+ contracts dur+ initial p]iod  
,a coop]ative describ$ 9 subp>agraph    
7,a7 ) respect to :i* a f>m] or ran*]   
receives a gu>antee to pur*ase /ock "u  
subp>agraph 7,a7 may contract = s]vices 
to fulfill any eligible purpose "u ?is  
section1 dur+ ! #e-ye> p]iod beg9n+ on !
 date ! coop]ative comm5ces op]ations1 9
 ord] to provide adequate "t = ! plann+ 
& con/ruction ( ! process+ facility ( ! 
coop]ative4  7,c7 ,f9ancial in=mation ,a
 f>m] or ran*] f :om ! ,secret>y        
requires f9ancial in=mation z a         
condition ( mak+ or gu>antee+ a loan "u 
subp>agraph 7,a7 %all provide !         
in=mation 9 ! mann] g5]ally requir$ by  
comm]cial agricultural l5d]s 9 !        
geographical area 9 :i* ! f>m] or ran*] 
is locat$4  7d7 ,conditions applicable )
 respect to us+ loan involv$ = ref9anc+ 

,a borr[] may use #be p]c5t ( a loan    
made or gu>ante$ "u ?is section to      
ref9ance a loan made = a purpose        
describ$ 9 subsection 7a7 if-- 7#a7 !   
borr[] is curr5t & p]=m+ ) respect to ! 
loan to be ref9anc$2  7#b7 ! borr[] has 
n default$ on any paym5t requir$ to be  
made ) respect to ! loan to be ref9anc$2
  7#c7 none ( ! collat]al = ! loan to be
 ref9anc$ has be5 conv]t$2 &  7#d7 !re  
is adequate security or full collat]al =
 ! loan to be ref9anc$4  7e7 ,loan      
appraisal ,! ,secret>y may require t any
 appraisal made 9 connection ) a loan   
made or gu>ante$ "u ?is section be      
conduct$ by a specializ$ apprais] t uses
 /&>ds t are simil> to /&>ds us$ =      
simil> purposes 9 ! private sector1 z   
det]m9$ by ! ,secret>y4  7f7 ,pref]5ce  
,9 mak+ or gu>antee+ a loan "u ?is      
section1 ! ,secret>y %all give a        
pref]5ce to applicants t h exp]i5ce 9   
live/ock & p\ltry process+ & c quickly  
scale-up to increase ov]all process+    
capacity 9 ! region involv$4  7g7       

,limitations on au?orization (          
appropriations ,!re is au?oriz$ to be   
appropriat$ to c>ry out ?is section     
#ajj1jjj1jjj = ea* ( fiscal ye>s #bjbc  
?r\gh #bjbe4  #c4 ,new & exp&+ live/ock 
or meat process+ grants  7a7 ,9 g5]al ,!
 ,secret>y ( ,agriculture may make      
grants to-- 7#a7 exp&1 div]sify1 &      
increase capacity 9 live/ock or p\ltry  
process+ activities2  7#b7 improve      
compliance ) live/ock & p\ltry process+ 
/atutes 7includ+ ! regulations issu$    
!reund]71 su* z ! ,f$]al ,meat          
,inspection ,act 7#ba ,u4,s4,c4 #ffa7 & 
! ,p\ltry ,products ,inspection ,act    
7#ba ,u4,s4,c4 #ded72  7#c7 id5tify &   
r$uce b>ri]s to entry = new = new       
live/ock & p\ltry process]s2 or  7#d7   
update1 exp&1 or o!rwise improve exi/+  
facilities4  7b7 ,eligible grantees ,an 
entity %all be eligible = a grant "u ?is
 section if ! entity is-- 7#a7 a        
gov]nm5tal entity2  7#b7 a public1      
private1 or coop]ative organization     
organiz$ on a =-pr(it or nonpr(it basis2

 or  7#c7 an ,indian tribe on a ,f$]al  
or ,/ate res]vation or any o!r f$]ally  
recogniz$ ,indian tribal gr\p4  7c7 ,use
 ( funds ,an entity to :i* a grant is   
made "u ?is section may use ! grant     
funds to e/abli% or support new or exp&$
 live/ock or p\ltry process+ activity1  
or o!r activity :i* w increase ! cu/om] 
base or rev5ue returns ( live/ock &     
p\ltry produc]s1 by und]tak+ project1   
t-- 7#a7 id5tifies & analyzes bus9ess   
opportunities1 includ+ feasibility      
/udies z requir$ = cr$itwor?9ess2  7#b7 
id5tifies1 tra9s1 & provides te*nical   
assi/ance to exi/+ or prospective rural 
entrepr5eurs & manag]s or process+      
facilities2  7#c7 provides te*nical     
assi/ance to ga9 compliance ) ,f$]al1   
,/ate1 or local regulations2  7#d7      
conducts regional1 community1 & local   
economic developm5t plann+ &            
coord9ation1 & lead]%ip developm5t2 or  
7#e7 e/abli%es a c5t] = tra9+1          
te*nology1 & trade t w provide tra9+ to 
live/ock or p\ltry process+ employees4  

7d7 ,pref]5ce ,9 aw>d+ grants "u ?is    
section1 ! ,secret>y %all give a        
pref]5ce to applicants t h exp]i5ce 9   
live/ock & p\ltry process+ & c quickly  
scale-up to increase ov]all process+    
capacity 9 ! region involv$4  7e7       
,limitations on au?orization (          
appropriations ,!re is au?oriz$ to be   
appropriat$ to c>ry out ?is section     
#bj1jjj1jjj = ea* ( fiscal ye>s #bjbc   
?r\gh #bjbe4  ,june #ad1 #bjbb,report$ )
 an am5dm5t2 committ$ to ! ,committee ( 
! ,:ole ,h\se on ! ,/ate ( ! ,union &   
ord]$ to be pr9t$