Sec. 5401. Distressed borrowers
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Section 331 of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1981 ) is amended by adding at the end the following: In addition to amounts otherwise available, there is authorized to be appropriated $250,000,000 to provide payments to, for the cost of loan modifications for, or to carry out subsection (b)(4) with respect to distressed borrowers of direct or guaranteed loans administered by the Farm Service Agency under subtitle A, B, or C. In using funds appropriated under paragraph (1), the Secretary shall provide relief to those borrowers whose agricultural operations are at financial risk as expeditiously as possible, including through indefinite extension of the Cash Flow-Based Assistance and Distressed Borrower Set-Aside Program, as determined by the Secretary. .
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Sec. 5401
Distressed borrowers
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