The Defend American Agriculture Act would increase the borrowing authority of the Commodity Credit Corporation, a government agency that provides loans and support to American farmers. Specifically, the bill raises the corporation's maximum debt limit from $30 billion to $45 billion, but only through September 30, 2031, after which the limit would return to $30 billion. This change would give the agency more flexibility to provide financial assistance and programs to support agricultural producers during the five-year period. The legislation affects farmers and agricultural businesses that rely on commodity programs and loans administered through the Commodity Credit Corporation. No new direct funding is appropriated; the bill simply increases the amount the agency can borrow to finance existing and future farm support programs.
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