BALE Act of 2019
Latest action · Jun 10, 2019 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 16, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Beginning Agriculturalist Lifetime Employment Act of 2019 or the BALE Act of 2019
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 $3.5 million, and (2) requires USDA to adjust the limits annually for inflation.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from May 16, 2019 to Jun 13, 2019; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IL | Robin L. Kelly | Original | May 16, 2019 |
| R-IL | Rodney Davis | Original | May 16, 2019 |
| R-FL | Ted S. Yoho | Original | May 16, 2019 |
| D-AZ | Tom O'Halleran | Original | May 16, 2019 |
| R-IL | Darin LaHood | Jun 11, 2019 | |
| R-KS | Roger Marshall | Jun 12, 2019 | |
| R-MI | John R. Moolenaar | Jun 13, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Agriculture Committee | Referred May 16, 2019 |
| Commodity Markets, Digital Assets, and Rural Development Subcommittee | Referred Jun 10, 2019 |
Actions 3
Everything that happened, newest first.
- Jun 10, 2019Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
- May 16, 2019Introduced in House
- May 16, 2019Referred to the House Committee on Agriculture.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H3925.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 116-24 | REVIEW OF CREDIT CONDITIONS93 pages | Agriculture Committee | Nov 19, 2019–Dec 11, 2019 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 831 | BALE Act of 2017 | Reintroduction of | Feb 24, 2017 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Agricultural Act of 1961 to modify the limitations applicable to qualified conservation loan guarantees, and for other purposes.
- Short Title(s) as Introduced
- BALE Act of 2019
- Beginning Agriculturalist Lifetime Employment Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Agriculture and Food.
Text 1
Each version as it was printed, newest first.
- May 16, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
