,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #ehgg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #c1 #bjbc,mr4 
,f9/ad 7= himself & ,ms4 ,craig7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,agriculture  ,a ,,bill
  ,to am5d ! ,consolidat$ ,f>m & ,rural 
,developm5t ,act to direct ! ,secret>y (
 ,agriculture to create ! ,,usda        
,express ,gu>ante$ ,f>m ,own]%ip &      
,gu>ante$ ,f>m ,op]at+ ,loan programs1  
enabl+ fa/] access to cr$it = ,am]ica's 
f>m]s & ran*]s4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,,usda ,express    
,loan ,act4  #b4 ,,usda express loans   
7a7 ,9 g5]al ,subtitle ,a ( !           
,consolidat$ ,f>m & ,rural ,developm5t  
,act 7#g ,u4,s4,c4 #aibb et seq47 is    
am5d$ by add+ at ! end ! foll[+3        
#caj;,j4 ,,usda ,express ,gu>ante$ ,f>m 
,own]%ip ,loan ,program  7a7 ,9 g5]al   
,)9 #a ye> aft] ! date ( ! enactm5t (   
?is section1 ! ,secret>y %all e/abli% a 
program1 :i* %all be kn[n z ! ,,usda    
,express ,gu>ante$ ,f>m ,own]%ip ,loan  

,program1 "u :i*1 )9 #cf h\rs aft]      
receipt ( an application to gu>antee a  
f>m own]%ip loan t meets ! requirem5t ( 
subsection 7e7 orig9at$ by a ,,usda     
express l5d]1 ! ,secret>y %all notify ! 
l5d] z to :e!r ! application is approv$ 
or disapprov$4  7b7 ,,usda express l5d] 
def9$ ,9 ?is section1 ! t]m ,,usda      
express l5d] means any regulat$ l5d]    
au?oriz$ by ! ,secret>y to p>ticipate 9 
! gu>ante$ f>m own]%ip loan program "u  
?is subtitle4  7c7 ,docum5ts ,9 orig9at+
 a loan = consid]ation "u ?is section1 a
 ,,usda express l5d] may use any loan   
docum5ts t incorporate ! loan analyses1 
proc$ures1 & docum5tation ( ! l5d]1 or  
su* o!r docum5ts z ! ,secret>y may      
prescribe4  7d7 ,cr$it decisions ,be=e  
submitt+ an application pursuant to ?is 
section1 a ,,usda express l5d] %all     
det]m9e ! cr$itwor?9ess1 & asc]ta9 !    
repaym5t ability1 ( ! borr[] involv$4   
7e7 ,loans eligible = gu>antee ,!       
,secret>y %all n accept an application  
"u ?is section ) respect to a loan t    

exce$s #a1jjj1jjj p] f>m or ran*        
op]ation p] ye>4  7f7 ,maximum gu>antee 
,! p]c5tage ( ! pr9cipal am\nt ( a loan 
:i* may be gu>ante$ pursuant to ?is     
section %all n exce$--  7#a7 #ge p]c5t1 
9 ! case ( a loan n exce$+ #gej1jjj2 or 
7#b7 #ej p]c5t1 9 ! case ( a loan ( m   
?an #gej1jjj & n m ?an #a1jjj1jjj4  7g7 
,use ( loan proce$s ,! borr[] ( a loan  
gu>ante$ pursuant to ?is section %all   
use ! loan proce$s only to produce      
agricultural commodities consi/5t ) !   
purposes ( ! gu>ante$ loan programs "u  
?is title4  7h7 ,regulations ,!         
,secret>y %all issue su* regulations z  
are necess>y to implem5t ?is section4  4
  7b7 ,section #cab ( su* ,act 7#g      
,u4,s4,c4 #aidb7 is am5d$ by add+ at !  
end ! foll[+3  7f7 ,,usda express       
gu>ante$ f>m op]at+ loans ,! ,secret>y  
%all e/abli% a ,,usda ,express ,gu>ante$
 ,f>m ,op]at+ ,loan ,program on ! same  
basis z ! ,,usda ,express ,gu>ante$ ,f>m
 ,own]%ip ,loans ,program "u section    
#caj;,j4  4