Temporary prohibition of loans to borrowers that have received debt forgiveness

Section 373(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008h(b)) is amended— (1) by striking paragraph (1) and inserting the following: (1) Prohibition Except as provided in paragraph (2), the Secretary may not make or guarantee a loan under this title to a borrower for a period of 7 years after the borrower has received debt forgiveness on a loan made or guaranteed under this title.; and (2) in paragraph (2)(A)(ii), by striking chapters and inserting chapter.