Sec. 5104. TERM LIMITS ON DIRECT OPERATING LOANS
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## SEC. 5104 TERM LIMITS ON DIRECT OPERATING LOANS Section 311(c) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1941(c)) is amended by adding at the end the following: > > #### “(5) Annual report on term limits on direct operating loans > > > ##### “(A) In general > > The Secretary shall prepare a report annually that describes— > > > ###### “(i) > > the status of the direct operating loan program of the Department of Agriculture; and > > > ###### “(ii) > > the impact of term limits on direct loan borrowers. > > > ##### “(B) Demographic information > > > ###### “(i) In general > > The report shall provide a demographic breakdown, on a State-by-State basis, of— > > > ###### “(I) > > all direct loan borrowers; and > > > ###### “(II) > > borrowers that have reached the eligibility limit for direct lending programs during the previous calendar year. > > > ###### “(ii) Demographic information > > The available demographic information shall include, to the maximum extent practicable, a description of race or ethnicity, gender, age, type of farm or ranch, financial classification, number of years of indebtedness, veteran status, and other similar information, as determined by the Secretary. > > > ##### “(C) Additional content > > In addition to information described in subparagraph (B), the report shall provide— > > > ###### “(i) > > a demographic analysis of the borrowers impacted by term limits; > > > ###### “(ii) > > information on the conditions impacting the direct lending portfolio of the Department of Agriculture, including impacts by region and agriculture sector, and credit availability within those regions and sectors; > > > ###### “(iii) > > to the maximum extent practicable, information on the status of borrower operations impacted by term limits; and > > > ###### “(iv) > > recommendations, if appropriate, to address any identifiable unmet credit needs. > > > ##### “(D) Submission > > The Secretary shall— > > > ###### “(i) > > annually submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a copy of the report; and > > > ###### “(ii) > > make the report available to the public, including posting the report on the website of the Department of Agriculture.” > .
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Sec. 5104
TERM LIMITS ON DIRECT OPERATING LOANS
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