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S. 5526IntroducedSenate · nowHousePresidentLawIn committee
Sec. 5305 · S. 5526

Technical corrections

Title V — Credit › Subtitle C — Administrative provisions

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(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 the Consolidated Farm and Rural Development Act (7 U.S.C. 1986) is amended— (A) in subsection (b), by striking the second sentence; (B) by striking subsection (c); and (C) by redesignating subsection (d) as subsection (c). (3) Section 339 of the Consolidated Farm and Rural Development 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 and inserting the borrower meeting; and (B) in subsection (d)(4)(A), by striking county committee certification that the borrower meets and inserting the borrower meeting. (4) Section 359(c)(1) of the Consolidated Farm and Rural Development 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 the Consolidated Farm and Rural Development 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 loans and guaranteed loans. (c) Updating of outdated references to the Farmers Home Administration and the Rural Development Administration (1) Section 309(e) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1929(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) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1981(b)) is amended— (A) in paragraph (4)— (i) by striking Consolidated Farm Service Agency and inserting Farm Service Agency; and (ii) by striking Rural Development Administration and inserting Rural Development; (B) in each of paragraphs (5) and (7), by striking Farmers Home Administration each place it appears and inserting Farm Service Agency and Rural Development; and (C) in paragraph (8), by striking Rural Development Administration or by the Farmers Home Administration and inserting Farm Service Agency or by Rural Development. (3) Section 331A(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1981a(a)) is amended, in the first sentence, by striking Farmers Home Administration or by the Rural Development Administration and inserting Farm Service Agency or by Rural Development. (4) Section 333A of the Consolidated Farm and Rural Development Act (7 U.S.C. 1983a) is amended— (A) in subsection (a)(2)(B), by striking Farmers Home Administration each place it appears and inserting Farm Service Agency; and (B) in subsection (e)(1), by striking Farmers Home Administration each place it appears and inserting Farm Service Agency. (5) Section 335 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1985) is amended— (A) in subsection (a), by striking Farmers Home Administration or the Rural Development Administration and inserting Farm Service Agency or Rural Development; (B) in subsection (d), in the second sentence, by striking Farmers Home Administration and inserting Farm Service Agency; and (C) in subsection (f)(1)— (i) by striking Agricultural Stabilization and Conservation Service payments and inserting Farm Service Agency farm program; (ii) by striking Farmers Home Administration liens and inserting liens for a farmer program loan; and (iii) by striking Farmers Home Administration farmer and inserting Farm Service Agency farmer. (6) Section 338(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1988(a)) is amended by striking Farmers Home Administration or the Rural Development Administration and inserting Farm Service Agency or Rural Development. (7) Section 347 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1995) is amended, in the first sentence by striking Farmers Home Administration and inserting Farm Service Agency or Rural Development. (8) Section 349(e)(1)(B) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1997(e)(1)(B)) is amended by striking Farmers Home Administration and inserting Farm Service Agency. (9) Section 353A of the Consolidated Farm and Rural Development Act (7 U.S.C. 2001a) is amended by striking the Farmers Home Administration and inserting Rural Development. (10) Section 356 of the Consolidated Farm and Rural Development Act (7 U.S.C. 2004) is amended, in the first sentence— (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 361 of the Consolidated Farm and Rural Development Act (7 U.S.C. 2006c) is amended, in the matter preceding paragraph (1), by striking Farmers Home Administration and inserting Farm Service Agency. (12) Section 370(a) of the Consolidated Farm and Rural Development 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. (d) Extension of period for sales of real property Section 335(c)(1) of the Consolidated Farm and Rural Development 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 or 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 Secretary determines that the property is not suitable for farming or ranching, not later than 60 days after the 180-day period described in subparagraph (B)(i), the Secretary shall. (e) Correction of infeasible inventory property disposition framework (1) Section 331(b)(1) of the Consolidated Farm and Rural Development 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 the Consolidated Farm and Rural Development Act (7 U.S.C. 1985(f)) is amended— (A) by striking paragraphs (3) through (5); (B) by redesignating paragraph (6) as paragraph (3); and (C) by striking paragraph (7) and inserting the following: (4) The Secretary shall issue regulations consistent with this section that ensure 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 the Consolidated Farm and Rural Development 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 the Consolidated Farm and Rural Development 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 the Consolidated Farm and Rural Development Act (7 U.S.C. 1991(a)(10)) is amended by striking 304, and inserting 304 before June 18, 2008, conservation loan (CL) under section 304 on or after June 18, 2008,. (i) Updating of provisions to reflect repurposing of conservation loan provisions (1) Section 303(a) of the Consolidated Farm and Rural Development 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 the Consolidated Farm and Rural Development Act (7 U.S.C. 1934) is amended, in the first sentence, by striking, or paragraphs (1) through (5) of section 304(a), and inserting or 304(a). (j) Updating of notice provision requirement and lifetime debt forgiveness limit Section 353(i)(1) of the Consolidated Farm and Rural Development 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. (k) Clarification of interest rate requirements (1) Section 307(a)(3)(B) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1927(a)(3)(B)) is amended by striking not be– in the matter preceding clause (i) and all that follows through the period at the end of clause (ii) 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 the Consolidated Farm and Rural Development Act (7 U.S.C. 1946(a)(2)) is amended by striking not be— in the matter preceding subparagraph (A) and all that follows through the period at the end of subparagraph (B) and inserting be equal to the interest rate for direct farm operating loans under this subtitle, not to exceed 5 percent per year.. (l) Correction of heading Section 309(h)(6) of the Consolidated Farm and Rural Development 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 participants. (m) Elimination of superfluous restrictions Section 312 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1942) (as amended by section 5216(c)) is amended— (1) by striking subsection (d); and (2) by redesignating subsections (e) and (f) as subsections (d) and (e), respectively. (n) Elimination of confusing references to loan guarantees Section 319 of the Consolidated Farm and Rural Development 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. (o) Elimination of obsolete reporting requirements Section 346 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1994) is amended by striking subsections (c) and (d). (p) Correction of obsolete appeals provisions (1) Section 352(c)(3) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2000(c)(3)) is amended, in the second sentence, by striking section 333B and inserting subtitle H of title II of the Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994 (7 U.S.C. 6991 et seq.). (2) Section 353 of the Consolidated Farm and Rural Development Act (7 U.S.C. 2001) is amended— (A) in subsection (h), by striking under section 333B; and (B) in subsection (j)— (i) in the first sentence, by striking filed with the appeals division under section 333B and inserting to the National Appeals Division; and (ii) in the second sentence— (I) by striking appeals division shall and inserting Secretary shall; and (II) by striking county supervisor and inserting Secretary. (q) Elimination of unnecessary constraint on pilot projects Section 333D(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1983d(a)) is amended by striking that are consistent with subtitle A through this subtitle. (r) Correction of heading Section 8.8(a)(3) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa–8(a)(3)) is amended, in the paragraph heading, by striking Mortgage loans and inserting Loan quality.

Sec. 5305: Technical corrections · Public Law Tracker