Legislative Focus on Agricultural Loans: House Committee Reviews Interest Rates for Land-Bank and Commissioner Loans
Washington D.C. – In a move that underscores the ongoing importance of supporting American agriculture, the House of Representatives has committed a report concerning interest rates on land-bank and commissioner loans to the Committee of the Whole House on the State of the Union. The report, officially designated as “H. Rept. 77-2133,” was ordered to be printed on May 18, 1942.
This legislative action signals a focused examination of the financial terms associated with crucial federal loan programs designed to assist farmers and landowners. Land-bank loans and commissioner loans have historically played a vital role in providing farmers with access to capital for acquiring land, making improvements, and refinancing existing debts. Understanding and potentially adjusting the interest rates associated with these loans is paramount to ensuring their continued accessibility and effectiveness in supporting the agricultural sector.
While the specifics of the report’s recommendations are not detailed in the initial announcement, the fact that it has reached this stage of the legislative process indicates that a thorough review has been conducted. The commitment to the Committee of the Whole House on the State of the Union suggests that the matter is considered of significant national interest and will likely be a subject of considerable debate and deliberation among lawmakers.
The Committee of the Whole is a procedural device in the House of Representatives where all members can participate in debating and amending bills. This broad inclusion ensures that a wide range of perspectives and concerns can be addressed before a measure is brought to a final vote. The inclusion of this report in such a forum highlights the potential impact of interest rate adjustments on a broad spectrum of agricultural producers.
The timing of this report, issued in May 1942, places it within a period of significant national and global events. The nation was deeply involved in World War II, a period that placed immense pressure on the agricultural sector to meet domestic and international demands for food and fiber. In such a context, ensuring affordable financing for farmers would have been a critical consideration for maintaining and enhancing agricultural productivity.
Further details regarding the proposed interest rate adjustments, the rationale behind them, and their potential implications for farmers and the broader agricultural economy are expected to emerge as the report is considered by the Committee of the Whole. This legislative development serves as a reminder of the continuous efforts by the government to support the backbone of the American economy through thoughtful policy and financial mechanisms.
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govinfo.gov Congressional SerialSet published ‘H. Rept. 77-2133 – Interest rate on land-bank and commissioner loans. May 18, 1942. — Committed to the Committee of the Whole House on the State of the Union and ordered to be printed’ at 2025-09-05 16:02. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.