Recognizing the contributions of African Americans to the musical heritage of the United States and the need for greater access to music education for African-American students and supporting the designation of June 2023 as African-American Music Appreciation Month.
- Last Action
- 6/22/2023
Actions
- 2023-02-13Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- 2023-01-26Referred to the House Committee on Agriculture.
- 2023-01-26Introduced in House
- 2023-01-26Introduced in House
CRS Summary
As of 2023-01-26 (00)
Beginning Agriculturalist Lifetime Employment Act of 2023 or the BALE Act of 2023
This bill revises the limits for the Department of Agriculture (USDA) conservation loan guarantee program.
The bill replaces the existing 80% limit on the portion of a loan that USDA may guarantee with limits that range from 80%-90%, depending on the principal amount of the loan.
For socially disadvantaged or beginning farmers or ranchers, the bill replaces the existing 90% limit with limits that range from 85%-95%, depending on the principal amount of the loan.
The bill also (1) prohibits USDA from guaranteeing a loan under the program that exceeds $4 million, and (2) requires USDA to adjust the limits annually for inflation.
Cosponsors (12)
- Robin Kelly (D-IL)
- Dan Newhouse (R-WA)
- Tim Walberg (R-MI)
- Darin LaHood (R-IL)
- Michael McCaul (R-TX)
- Jake Ellzey (R-TX)
- C. Franklin (R-FL)
- Lori Chavez-DeRemer (R-OR)
- Don Bacon (R-NE)
- Randy Feenstra (R-IA)
- Eric Crawford (R-AR)
- Michael Lawler (R-NY)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.