An Act to amend the emergency loan program under the Consolidated Farm and Rural Development Act, and for other purposes.
Public Law 93-24 · H.R. 1975 · 93rd Congress · began in the House
Signed by Richard Nixon (R) on Apr 20, 1973 · Agriculture and Food
Sponsor: Rep. Bill Alexander (D-AR-1)
Cosponsors: None
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Repeals the legislation establishing an emergency agricultural and rural loan program under the Consolidated Farm and Rural Development Act, for disasters occurring after June 30, 1971, and July 1, 1973.
Requires the Secretary of Agriculture to make loans in any area designated by him or by the President as a major disaster area: (1) to qualifying farmers, ranchers, or oyster planters who are citizens of the United States; and (2) to eligible private domestic corporations or partnerships engaged primarily in farming ranching, or oyster planting.
Establishes a 5 percent interest rate on emergency agricultural loans.
Increases from $100,000,000 to $500,000,000 the limitation on loans made from the Agricultural Credit Insurance Fund.
Allows eligible applicants in natural disaster areas designated by the Secretary between January 1, 1972, and December 27, 1972, to apply for 1 percent disaster loans if applications have been accepted within 18 days of enactment of this Act.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 20 actions.
- Apr 20, 1973Became lawBecame law · Signed by President.
- PresidentPresident · Public law 93-24.
- Apr 19, 1973PresidentPresident · Measure presented to President.
- Apr 12, 1973Resolving differencesResolving differences · Senate receded and concurred in certain House Amendments.
- Resolving differencesResolving differences · Senate agreed to conference report.
- Resolving differencesResolving differences · Conference report agreed to in Senate: Senate agreed to conference report.
- Resolving differencesResolving differences · House receded and concurred in certain Senate amendments.
- Resolving differencesResolving differences · House agreed to conference report.
- Resolving differencesResolving differences · Conference report agreed to in House: House agreed to conference report.
- Apr 11, 1973Resolving differencesResolving differences · Conference report filed in House, H. Rept. 93-119.
- Resolving differencesResolving differences · Conference report filed: Conference report filed in House, H. Rept. 93-119.
- Apr 2, 1973Resolving differencesResolving differences · Conference scheduled in Senate.
- Resolving differencesResolving differences · Conference scheduled in House.
- Mar 28, 1973FloorFloor · Measure passed Senate, amended, roll call #69 (79-10).Senate roll call 69
- Mar 22, 1973CommitteeCommittee · Reported by Senate Agriculture, Nutrition, and Forestry Committee
- Feb 26, 1973CommitteeCommittee · Referred to Senate Agriculture, Nutrition, and Forestry Committee
- Feb 22, 1973FloorFloor · Measure passed House, amended, roll call #22 (269-95).House roll call 22
- Feb 19, 1973CommitteeCommittee · Reported by House Agriculture Committee
- Jan 15, 1973CommitteeCommittee · Referred to House Agriculture Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.