The House : Farm Aid
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Emergency financial aid to tens of thousands of American farmers, many of whom say they will go bankrupt if not immediately bailed out of credit problems by the taxpayers, has been approved by the House on a vote of 318-103.
President Reagan has threatened to veto the bill as a budget buster. The Administration says it will cost at least $1.6 billion over the next two years. The Congressional Budget Office estimates the cost at $455 million over five years.
The bill (HR 1035) provides an additional $3 billion in loan guarantees to farmers who need the federal backing to continue borrowing. Also, it permits farmers to get half of their price-support loans on this year’s crop, up to $50,000, before spring planting.
Among other provisions, the bill induces banks to offer lower interest rates on federally guaranteed loans and makes it easier for farmers in certain areas to obtain low-interest Farmers Home Administration disaster loans.
Supporter Thomas Coleman, a Missouri Republican, said, “This is not just a farm bill,” because “almost 23 million people in this country depend for their jobs directly or indirectly on agribusiness and agriculture.”
Ohio Republican Delbert Latta, who opposed the legislation, said the bill would worsen the federal deficit, contributing to the high interest rates and strong dollar that have injured farm exports.
Members voting yes favored the bill.
How They Voted Yea Nay Did not vote Rep. Moorhead (R) x Rep. Roybal (D) x
Help for Africa
Legislation (HR 1096) authorizing $175 million in emergency, non-food aid to African nations beset by famine has been passed by the House on a vote of 391-25 and sent to the Senate as a bill.
In part, the fiscal 1985 outlay would fund programs to upgrade health care and to monitor the distribution of emergency food supplies to starving Africans. Food aid is being provided in separate legislation.
“This is not just an African crisis,” said Michigan Democrat Howard Wolpe, who sponsored the measure. “It is a human crisis encompassing us all.”
No opponent spoke during floor debate.
How They Voted Yea Nay Did not vote Rep. Moorhead (R) x Rep. Roybal (D) x
Where to Reach Them
Carlos J. Moorhead, 22nd District
420 N. Brand Blvd., Glendale 91203 (818) 247-8445
Edward R. Roybal, 25th District300 N. Los Angeles St., Room 7106, Los Angeles 90012 (213) 688-4870
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