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H.R. 7567IntroducedHouseSenate · nowPresidentLawIn the Senate
Sec. 5508 · H.R. 7567

Technical corrections

Title V — Credit › Subtitle E — Miscellaneous

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The wording changed from Introduced to Committee version. Removed words are struck through; added words are underlined.

How the text changed

Introduced · Sec. 5508

(a) Elimination of obsolete references to county committees (1) Section 333A(a)(2)(B)(vi) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1983a(a)(2)(B)(vi)) is amended by striking by the county committee and inserting of the application. (2) Section 336 of such Act (7 U.S.C. 1986) is amended— (A) by striking the last sentence of subsection (b); and (B) by striking subsection (c) and redesignating subsection (d) as subsection (c). (3) Section 339 of such Act (7 U.S.C. 1989) is amended— (A) in subsection (c)(4)(A), by striking county committee certification that the borrower of the loan meets the eligibility requirements and and inserting the borrower meeting; and (B) in subsection (d)(4)(A), by striking county committee certification that the borrower meets the eligibility requirements or and inserting the borrower meeting. (4) Section 359(c)(1) of such Act (7 U.S.C. 2006a(c)(1)) is amended by striking (as determined by the appropriate county committee during the determination of eligibility for the loan). (b) Revision of loan assessment requirements Section 360(d)(1) of such Act (7 U.S.C. 2006b(d)(1)) is amended by striking annual review of direct loans, and periodic review (as determined necessary by the Secretary) of guaranteed loans and inserting periodic review (as determined by the Secretary) of direct and guaranteed loans. (c) Updating of outdated references to the Farmers Home Administration and the Rural Development Agency (1) Section 309(e) of such Act (7 U.S.C. 1928(e)) is amended by striking Farmers Home Administration and the Rural Development Administration and inserting Farm Service Agency and Rural Development. (2) Section 331(b)(4) of such Act (7 U.S.C. 1981(b)(4)) is amended by striking Consolidated. (3) Section 331(b) of such Act (7 U.S.C. 1981(b)) is amended in each of paragraphs (5) and (7) by striking Farmers Home Administration each place it appears and inserting Farm Service Agency and Rural Development. (4) Section 331(b)(8) of such Act (7 U.S.C. 1981(b)(8)) is amended by striking Rural Development Administration or by the Farmers Home Administration and inserting Farm Service Agency and Rural Development. (5) Section 331A(a) of such Act (7 U.S.C. 1981a(a)) is amended by striking Farmers Home Administration or by the Rural Development Administration and inserting Farm Service Agency or by Rural Development. (6) Section 335(a) of such Act (7 U.S.C. 1985(a)) is amended by striking Farmers Home Administration or the Rural Development Administration and inserting Farm Service Agency or Rural Development. (7) Section 335(f)(1) of such Act (7 U.S.C. 1985(f)(1)) is amended— (A) by striking Agricultural Stabilization and Conservation Service payments and inserting Farm Service Agency farm program; (B) by striking Farmers Home Administration liens and inserting liens for a farmer program loan; and (C) by striking Farmers Home Administration farmer and inserting Farm Service Agency farmer. (8) Section 338(a) of such Act (7 U.S.C. 1988(a)) is amended by striking Farmers Home Administration or the Rural Development Administration and inserting Farm Service Agency and Rural Development. (9) Section 347 of such Act (7 U.S.C. 1995) is amended by striking Farmers Home Administration and inserting Farm Service Agency and Rural Development. (10) Section 356 of such Act (7 U.S.C. 2004) is amended— (A) by striking Farmers Home Administration may and inserting Farm Service Agency and Rural Development may; and (B) by striking the inventory of the Farmers Home Administration and inserting inventory. (11) Section 370(a) of such Act (7 U.S.C. 2008e(a)) is amended by striking the Rural Development Administration, the Farmers Home Administration, the Rural Electrification Administration and inserting Rural Development, the Farm Service Agency, the Rural Utilities Service. (12) Each of the following provisions of such Act is amended by striking Farmers Home Administration each place it appears and inserting Farm Service Agency: (A) Section 309(g)(1) (7 U.S.C. 1929(g)(1)). (B) Section 331A(a) (7 U.S.C. 1981a(a)). (C) Section 333A(a)(2)(B) (7 U.S.C. 1983a(a)(2)(B)). (D) Section 333A(e)(1) (7 U.S.C. 1983a(e)(1)). (E) Section 335(d) (7 U.S.C. 1985(d)). (F) Section 353A (7 U.S.C. 2001a). (G) Section 349(e)(1)(B) (7 U.S.C. 1997(e)(1)(B)). (H) Section 361 (7 U.S.C. 2006c). (d) Section 335(c)(1) of such Act (7 U.S.C. 1985(c)(1)) is amended— (1) in subparagraph (A), by striking 15 and inserting 60; (2) in subparagraph (B)(i)— (A) by striking 135 and inserting 180; and (B) by inserting suitable for farming and ranching, as determined by the Secretary before the comma; and (3) in subparagraph (C), by striking not later than 135 days after acquiring the real property, the Secretary shall, not later than 30 days after the 135-day period, and inserting or if the property is not suitable for farming and ranching as determined by the Secretary, not later than 60 days after the 180-day period, the Secretary shall. (e) Correction of infeasible inventory property disposition framework (1) Section 331(b)(1) of such Act (7 U.S.C. 1981(b)(1)) is amended by striking, and until January and all that follows through fit). (2) Section 335(f) of such Act (7 U.S.C. 1985(f)) is amended— (A) by striking paragraphs (3) through (5) and redesignating paragraph (6) as paragraph (3); and (B) by striking paragraph (7) and inserting the following: (4) The Secretary shall issue regulations consistent with this section that ensures the release of funds to each borrower.. (f) Replacement of references to district office with references to District Director Section 333A(a)(2)(B) of such Act (7 U.S.C. 1983a(a)(2)(B)) is amended by striking district office each place it appears and inserting District Director. (g) Correction of obsolete reference to former trust territories Section 343(a)(6) of such Act (7 U.S.C. 1991(a)(6)) is amended by striking the Trust Territory of the Pacific Islands and inserting the Federated States of Micronesia, the Republic of Palau, and the Republic of the Marshall Islands. (h) Revision of farmer program loan definition Section 343(a)(10) of such Act (7 U.S.C. 1991(a)(10)) is amended by inserting before June 18, 2008, conservation loan (CL) under section 304 on or after June 18, 2008, before emergency loan (EM). (i) Elimination of inconsistency between rules applicable to beginning farmers Section 343(a)(11)(C) of such Act (7 U.S.C. 1991(a)(11)(C)) is amended by striking related to one another by blood or marriage and inserting qualified beginning farmers. (j) Updating of provisions to reflect repurposing of conservation loan provisions (1) Section 303(a) of such Act (7 U.S.C. 1923(a)) is amended in each of paragraphs (1)(D) and (2)(D) by striking described in section 304. (2) Section 310D of such Act (7 U.S.C. 1934) is amended by striking, or paragraphs (1) through (5) of section 304(a), and inserting section 304(a). (k) Updating of notice provision requirement and lifetime debt forgiveness limit Section 353(i)(1) of such Act (7 U.S.C. 2001(i)(1)) is amended by striking registered or certified mail and inserting any method that provides documentation of delivery. (l) Updating of obsolete reference to the Soil Conservation Service Section 306(a)(13) of such Act (7 U.S.C. 1926(a)(13)) is amended by striking Soil Conservation Service and inserting Natural Resources Conservation Service. (m) Clarification of interest rate requirements (1) Section 307(a)(3)(B) of such Act (7 U.S.C. 1927(a)(3)(B)) is amended by striking not be— and all that follows and inserting be equal to the interest rate for direct farm ownership loans under this subtitle, not to exceed 5 percent per year.. (2) Section 316(a)(2) of such Act (7 U.S.C. 1946(a)(2)) is amended by striking not be— and all that follows and inserting be equal to the interest rate for direct farm ownership loans under this subtitle, not to exceed 5 percent per year.. (n) Correction of heading Section 309(h)(6) of such Act (7 U.S.C. 1929(h)(6)) is amended in the paragraph heading by striking Beginning farmer loans and inserting Down payment loan program participant. (o) Elimination of superfluous restrictions Section 312 of such Act (7 U.S.C. 1942) is amended by striking subsection (d) and redesignating subsection (e) as subsection (d). (p) Elimination of confusing references to loan guarantees Section 319 of such Act (7 U.S.C. 1949) is amended— (1) in the section heading, by striking or guarantees; and (2) by striking or with respect to whom there is an outstanding guarantee under this subtitle. (q) Elimination of obsolete reporting requirements Section 346 of such Act (7 U.S.C. 1994) is amended by striking subsections (c) and (d). (r) Correction of obsolete appeals provisions (1) Section 352(c)(3) of such Act (7 U.S.C. 2000(c)(3)) is amended by striking section 333B and inserting subtitle H of title II of Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994. (2) Section 353 of such Act (7 U.S.C. 2001) is amended— (A) in subsection (h), by striking under section 333B; and (B) in subsection (j)— (i) by striking filed with the appeals division under section 333B and inserting to the National Appeals Division; (ii) by striking appeals division shall and inserting Secretary shall; and (iii) by striking county supervisor and inserting Secretary. (s) Elimination of unnecessary constraint on pilot projects Section 333D(a) of such Act (7 U.S.C. 1983d(a)) is amended by striking that are consistent with subtitle A through this subtitle. (t) Correction of heading The paragraph heading in section 8.8(a)(3) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa–8(a)(3)) is amended by striking Mortgage loans and inserting Loan quality.

•HR 7567 IHSEC. 5508
Committee version · Sec. 5508

(a) Elimination of obsolete references to county committees (1) Section 333A(a)(2)(B)(vi) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1983a(a)(2)(B)(vi)) is amended by striking by the county committee and inserting of the application. (2) Section 336 of such Act (7 U.S.C. 1986) is amended— (A) by striking the last sentence of subsection (b); and (B) by striking subsection (c) and redesignating subsection (d) as subsection (c). (3) Section 339 of such Act (7 U.S.C. 1989) is amended— (A) in subsection (c)(4)(A), by striking county committee certification that the borrower of the loan meets the eligibility requirements and and inserting the borrower meeting; and (B) in subsection (d)(4)(A), by striking county committee certification that the borrower meets the eligibility requirements or and inserting the borrower meeting. (4) Section 359(c)(1) of such Act (7 U.S.C. 2006a(c)(1)) is amended by striking (as determined by the appropriate county committee during the determination of eligibility for the loan). (b) Revision of loan assessment requirements Section 360(d)(1) of such Act (7 U.S.C. 2006b(d)(1)) is amended by striking annual review of direct loans, and periodic review (as determined necessary by the Secretary) of guaranteed loans and inserting periodic review (as determined by the Secretary) of direct and guaranteed loans. (c) Updating of outdated references to the Farmers Home Administration and the Rural Development Agency (1) Section 309(e) of such Act (7 U.S.C. 1928(e)) is amended by striking Farmers Home Administration and the Rural Development Administration and inserting Farm Service Agency and Rural Development. (2) Section 331(b)(4) of such Act (7 U.S.C. 1981(b)(4)) is amended by striking Consolidated. (3) Section 331(b) of such Act (7 U.S.C. 1981(b)) is amended in each of paragraphs (5) and (7) by striking Farmers Home Administration each place it appears and inserting Farm Service Agency and Rural Development. (4) Section 331(b)(8) of such Act (7 U.S.C. 1981(b)(8)) is amended by striking Rural Development Administration or by the Farmers Home Administration and inserting Farm Service Agency and Rural Development. (5) Section 331A(a) of such Act (7 U.S.C. 1981a(a)) is amended by striking Farmers Home Administration or by the Rural Development Administration and inserting Farm Service Agency or by Rural Development. (6) Section 335(a) of such Act (7 U.S.C. 1985(a)) is amended by striking Farmers Home Administration or the Rural Development Administration and inserting Farm Service Agency or Rural Development. (7) Section 335(f)(1) of such Act (7 U.S.C. 1985(f)(1)) is amended— (A) by striking Agricultural Stabilization and Conservation Service payments and inserting Farm Service Agency farm program; (B) by striking Farmers Home Administration liens and inserting liens for a farmer program loan; and (C) by striking Farmers Home Administration farmer and inserting Farm Service Agency farmer. (8) Section 338(a) of such Act (7 U.S.C. 1988(a)) is amended by striking Farmers Home Administration or the Rural Development Administration and inserting Farm Service Agency and Rural Development. (9) Section 347 of such Act (7 U.S.C. 1995) is amended by striking Farmers Home Administration and inserting Farm Service Agency and Rural Development. (10) Section 356 of such Act (7 U.S.C. 2004) is amended— (A) by striking Farmers Home Administration may and inserting Farm Service Agency and Rural Development may; and (B) by striking the inventory of the Farmers Home Administration and inserting inventory. (11) Section 370(a) of such Act (7 U.S.C. 2008e(a)) is amended by striking the Rural Development Administration, the Farmers Home Administration, the Rural Electrification Administration and inserting Rural Development, the Farm Service Agency, the Rural Utilities Service. (12) Each of the following provisions of such Act is amended by striking Farmers Home Administration each place it appears and inserting Farm Service Agency: (A) Section 309(g)(1) (7 U.S.C. 1929(g)(1)). (B) Section 331A(a) (7 U.S.C. 1981a(a)). (C) Section 333A(e)(1) (7 U.S.C. 1983a(e)(1)). (D) Section 335(d) (7 U.S.C. 1985(d)). (E) Section 353A (7 U.S.C. 2001a). (F) Section 349(e)(1)(B) (7 U.S.C. 1997(e)(1)(B)). (G) Section 361 (7 U.S.C. 2006c). (d) Section 335(c)(1) of such Act (7 U.S.C. 1985(c)(1)) is amended— (1) in subparagraph (A), by striking 15 and inserting 60; (2) in subparagraph (B)(i)— (A) by striking 135 and inserting 180; and (B) by inserting suitable for farming and ranching, as determined by the Secretary before the comma; and (3) in subparagraph (C), by striking not later than 135 days after acquiring the real property, the Secretary shall, not later than 30 days after the 135-day period, and inserting or if the property is not suitable for farming and ranching as determined by the Secretary, not later than 60 days after the 180-day period, the Secretary shall. (e) Correction of infeasible inventory property disposition framework (1) Section 331(b)(1) of such Act (7 U.S.C. 1981(b)(1)) is amended by striking, and until January and all that follows through fit). (2) Section 335(f) of such Act (7 U.S.C. 1985(f)) is amended— (A) by striking paragraphs (3) through (5) and redesignating paragraph (6) as paragraph (3); and (B) by striking paragraph (7) and inserting the following: (4) The Secretary shall issue regulations consistent with this section that ensures the release of funds to each borrower.. (f) Replacement of references to district office with references to District Director Section 333A(a)(2)(B) of such Act (7 U.S.C. 1983a(a)(2)(B)) is amended by striking district office each place it appears and inserting District Director. (g) Correction of obsolete reference to former trust territories Section 343(a)(6) of such Act (7 U.S.C. 1991(a)(6)) is amended by striking the Trust Territory of the Pacific Islands and inserting the Federated States of Micronesia, the Republic of Palau, and the Republic of the Marshall Islands. (h) Revision of farmer program loan definition Section 343(a)(10) of such Act (7 U.S.C. 1991(a)(10)) is amended by inserting before June 18, 2008, conservation loan (CL) under section 304 on or after June 18, 2008, before emergency loan (EM). (i) Elimination of inconsistency between rules applicable to beginning farmers Section 343(a)(11)(C) of such Act (7 U.S.C. 1991(a)(11)(C)) is amended by striking related to one another by blood or marriage and inserting qualified beginning farmers. (j) Updating of provisions To reflect repurposing of conservation loan provisions (1) Section 303(a) of such Act (7 U.S.C. 1923(a)) is amended in each of paragraphs (1)(D) and (2)(D) by striking described in section 304. (2) Section 310D of such Act (7 U.S.C. 1934) is amended by striking, or paragraphs (1) through (5) of section 304(a), and inserting section 304(a). (k) Updating of notice provision requirement and lifetime debt forgiveness limit Section 353(i)(1) of such Act (7 U.S.C. 2001(i)(1)) is amended by striking registered or certified mail and inserting any method that provides documentation of delivery. (l) Updating of obsolete reference to the Soil Conservation Service Section 306(a)(13) of such Act (7 U.S.C. 1926(a)(13)) is amended by striking Soil Conservation Service and inserting Natural Resources Conservation Service. (m) Clarification of interest rate requirements (1) Section 307(a)(3)(B) of such Act (7 U.S.C. 1927(a)(3)(B)) is amended by striking not be— and all that follows and inserting be equal to the interest rate for direct farm ownership loans under this subtitle, not to exceed 5 percent per year.. (2) Section 316(a)(2) of such Act (7 U.S.C. 1946(a)(2)) is amended by striking not be— and all that follows and inserting be equal to the interest rate for direct farm ownership loans under this subtitle, not to exceed 5 percent per year.. (n) Correction of heading Section 309(h)(6) of such Act (7 U.S.C. 1929(h)(6)) is amended in the paragraph heading by striking Beginning farmer loans and inserting Down payment loan program participant. (o) Elimination of superfluous restrictions Section 312 of such Act (7 U.S.C. 1942) is amended by striking subsection (d) and redesignating subsection (e) as subsection (d). (p) Elimination of confusing references to loan guarantees Section 319 of such Act (7 U.S.C. 1949) is amended— (1) in the section heading, by striking or guarantees; and (2) by striking or with respect to whom there is an outstanding guarantee under this subtitle. (q) Elimination of obsolete reporting requirements Section 346 of such Act (7 U.S.C. 1994) is amended by striking subsections (c) and (d). (r) Correction of obsolete appeals provisions (1) Section 352(c)(3) of such Act (7 U.S.C. 2000(c)(3)) is amended by striking section 333B and inserting subtitle H of title II of Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994. (2) Section 353 of such Act (7 U.S.C. 2001) is amended— (A) in subsection (h), by striking under section 333B; and (B) in subsection (j)— (i) by striking filed with the appeals division under section 333B and inserting to the National Appeals Division; (ii) by striking appeals division shall and inserting Secretary shall; and (iii) by striking county supervisor and inserting Secretary. (s) Elimination of unnecessary constraint on pilot projects Section 333D(a) of such Act (7 U.S.C. 1983d(a)) is amended by striking that are consistent with subtitle A through this subtitle. (t) Correction of heading The paragraph heading in section 8.8(a)(3) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa–8(a)(3)) is amended by striking Mortgage loans and inserting Loan quality.

•HR 7567 RHSEC. 5508

added wordsremoved wordsComparison computed by Public Law Tracker from the official text

Sec. 5508: Technical corrections · Public Law Tracker