A study of rural housing loan subsidies is due in six months
What the document says“the Secretary of Agriculture shall conduct a study and submit to Congress a publicly available report on the loan program under section 521 of the Housing Act of 1949 (42 U.S.C. 1490a), including--”
The section requires the Secretary of Agriculture to study and report publicly to Congress within six months of enactment on the loan program under section 521 of the Housing Act of 1949, covering the total subsidies given to borrowers with section 502 loans, how much of those subsidies is being recaptured, and the time and cost of recapturing them.
What the document actually says“the Secretary of Agriculture shall conduct a study and submit to Congress a publicly available report on the loan program under section 521 of the Housing Act of 1949 (42 U.S.C. 1490a), including--”
The farm agency must study one loan program. It must send Congress a report. The report must be open to the public.
A subsidy here lowers what a borrower pays. Some of it is taken back later. The study asks how much and at what cost.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.