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Raising Borrowing Limit for Commodity Credit Corporation

This bill increases the borrowing limit for the Commodity Credit Corporation from $30 billion to $68 billion. This means the government will have more funds to support farmers and stabilize agricultural commodity prices, potentially affecting food availability and prices in stores.
Key points
Increased funds available for agricultural support programs.
Potential impact on food price stability and support for agricultural producers.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_843
Sponsor: Rep. Scott, Austin [R-GA-8]
Process start date: 2021-02-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To amend the Commodity Credit Corporation Charter Act to raise the borrowing limit of the Commodity Credit Corporation.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_843.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-04.

What are the main provisions?

Key points include:

  • Increased funds available for agricultural support programs.
  • Potential impact on food price stability and support for agricultural producers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Scott, Austin [R-GA-8].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on General Farm Commodities and Risk Management.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Agriculture Economy Public Investments