,,ii #aah? ,,congress #a/ ,session ,s4 #bhij ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #ba1 #bjbc,mr4 ,hoev5 7= himself & ,ms4 ,klobu*>7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,agriculture1 ,nutrition1 & ,=e/ry ,a ,,bill ,to am5d ! ,consolidat$ ,f>m & ,rural ,developm5t ,act to modify limitations on am\nts ( f>m own]%ip loans & op]at+ loans1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,produc] & ,agricultural ,cr$it ,enhancem5t ,act ( #bjbc4 #b4 ,limitations on loan am\nts 7a7 ,limitations on am\nt ( f>m own]%ip loans ,section #cje7;a77#b7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aibe7;a77#b77 is am5d$ by /rik+ #fjj1jjj1 or1 9 ! case ( a loan gu>ante$ by ! ,secret>y1 #a1gej1jjj 7increas$1 beg9n+ ) fiscal ye> #bjai & ins]t+ #hej1jjj1 or1 9 ! case ( a loan gu>ante$ by ! ,secret>y1 #c1jjj1jjj 7increas$1 beg9n+ ) fiscal ye> #bjbc4 7b7 ,limitations on am\nt ( op]at+ loans ,section #cac7;a77#a7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aidc7;a77#a77 is am5d$ by /rik+ #djj1jjj1 or1 9 ! case ( a loan gu>ante$ by ! ,secret>y1 #a1gej1jjj 7increas$1 beg9n+ ) fiscal ye> #bjai & ins]t+ #gej1jjj1 or1 9 ! case ( a loan gu>ante$ by ! ,secret>y1 #b1fjj1jjj 7increas$1 beg9n+ ) fiscal ye> #bjbc4 #c4 ,inflation p]c5tage ,section #cje7;c7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aibe7;c77 is am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ ( ! ,prices ,paid ,by ,f>m]s ,index 7z compil$ by ! ,national ,agricultural ,/ati/ics ,s]vice ( ! ,dep>tm5t ( ,agriculture7 = ! #ab-mon? p]iod end+ on ,july #ca ( ! imm$iately prec$+ fiscal ye> & ins]t+ ( ! p] acre av]age ,unit$ ,/ates f>m real e/ate value1 ! p] acre av]age ,unit$ ,/ates cropl& value1 & ! p] acre av]age ,unit$ ,/ates pa/ure value = ! prec$+ ye> 7z publi%$ 9 ! applicable ,agricultural ,l& ,values report ( ! ,national ,agricultural ,/ati/ics ,s]vice ( ! ,dep>tm5t ( ,agriculture71 weight$ equally2 & 7#b7 9 p>agraph 7#b71 by /rik+ ( su* index 7z s def9$7 = ! #ab-mon? p]iod t imm$iately prec$es ! #ab-mon? p]iod describ$ 9 p>agraph 7#a7 & ins]t+ ( ! p] acre av]age ,unit$ ,/ates f>m real e/ate value1 ! p] acre av]age ,unit$ ,/ates cropl& value1 & ! p] acre av]age ,unit$ ,/ates pa/ure value = ! ye> imm$iately prec$+ ! ye> describ$ 9 p>agraph 7#a7 7z s publi%$71 weight$ equally4 #d4 ,d[n paym5t loan program ,section #caj;,e7b77#a7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aice7;b77#a77 is am5d$-- 7#a7 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ exce$ #de p]c5t ( ! lea/ & ins]t+ exce$1 subject to section #cje7;a71 #de p]c5t ( ! less]2 7#b7 9 subp>agraph 7,a71 by add+ or aft] ! semicolon2 7#c7 9 subp>agraph 7,b71 by /rik+ 2 or & ins]t+ a p]iod2 & 7#d7 by /rik+ subp>agraph 7,c74 #e4 ,limitation on microloan am\nts ,section #cac7;c77#b7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aidc7;c77#b77 is am5d$ by /rik+ #ej1jjj & ins]t+ #ajj1jjj4 #f4 ,ref9anc+ ( gu>ante$ loans into direct loans 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,agriculture1 act+ ?r\gh ! ,adm9i/rator ( ! ,f>m ,s]vice ,ag5cy 7ref]r$ to 9 ?is section z ! ,secret>y71 %all promulgate regulations all[+ c]ta9 loans gu>ante$ by ! ,f>m ,s]vice ,ag5cy to be ref9anc$ into direct loans issu$ by ! ,f>m ,s]vice ,ag5cy1 9 accordance ) ?is section4 7b7 ,requirem5ts 7#a7 ,9 g5]al ,! regulations promulgat$ "u subsection 7a7 %all provide t a gu>ante$ loan describ$ 9 t subsection may be ref9anc$ into a direct loan describ$ 9 t subsection only if ! ,secret>y det]m9es t-- 7,a7 ! gu>ante$ loan is di/ress$2 7,b7 ! borr[] on t gu>ante$ loan has attempt$ to "w ) ! l5d] & has be5 unsuccessful2 7,c7 a reasonable *ance = ! success ( ! op]ation f9anc$ by ! gu>ante$ loan exi/s2 & 7,d7 all o!r crit]ia e/abli%$ by ! ,secret>y = purposes ( ?is section to protect taxpay] funds & ! loan programs ( ! ,f>m ,s]vice ,ag5cy h be5 satisfi$4 7#b7 ,reasonable *ance ( success ,= purposes ( p>agraph 7#a77;,c71 ! ,secret>y may det]m9e t a reasonable *ance = ! success ( an op]ation exi/s if ! ,secret>y det]m9es t-- 7,a7 all relevant problems ) ! op]ation f9anc$ by ! gu>ante$ loan-- 7i7 h be5 id5tifi$2 & 7ii7 c be correct$2 & 7,b7 on correction ( ^? problems1 ! op]ation c a*ieve1 or be return$ to1 a s\nd f9ancial basis4 7c7 ,no effect on subsidies ,9 c>ry+ out ?is section1 ! ,secret>y %all ensure t ! ref9anc+ ( gu>ante$ loans into direct loans has no impact on ! subsidy rate (-- 7#a7 loans gu>ante$ by ! ,f>m ,s]vice ,ag5cy2 or 7#b7 direct loans issu$ by ! ,f>m ,s]vice ,ag5cy4 7d7 ,loan programs ,9 mak+ direct loans pursuant to ! regulations promulgat$ "u subsection 7a71 ! ,secret>y may ref9ance a loan gu>ante$ "u #a program ( ! ,f>m ,s]vice ,ag5cy into a direct loan issu$ "u ano!r program ( ! ,f>m ,s]vice ,ag5cy1 z ! ,secret>y det]m9es to be appropriate & 9 accordance ) ! laws applicable to ! program "u :i* ! new direct loan is issu$4 7e7 ,maximum am\nt ( direct ref9anc+ loans ,a direct loan issu$ by ! ,f>m ,s]vice ,ag5cy pursuant to ! regulations promulgat$ "u subsection 7a7 %all be subject to any o!rwise applicable limitation on ! maximum am\nt ( a direct loan issu$ by ! ,f>m ,s]vice ,ag5cy1 includ+1 if applicable1 ! limitations describ$ 9-- 7#a7 section #cje ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aibe72 & 7#b7 section #cac ( t ,act 7#g ,u4,s4,c4 #aidc74 #g4 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7#a7 access to cr$it is ess5tial to ! success ( f>m]s & ran*]s2 & 7#b7 microloans1 direct loans1 & gu>ante$ loans provid$ by ! ,f>m ,s]vice ,ag5cy %\ld be fully fund$ to meet produc] dem&1 help beg9n+ f>m]s & ran*]s1 & support family f>ms4