H.R. 10363, known as the “Helping America’s Farmers Act,” aims to modify the Emergency Loan Program under the Agricultural Act of 1961. The bill allows the Secretary of Agriculture to waive certain loan application requirements for applicants in historically underserved states. It expands the...
Simple Explanation
The "Helping America’s Farmers Act" is a plan to change a program that helps farmers borrow money easily, especially if they are in states that need more help. It makes it cheaper and easier for some farmers, like those who are minorities or veterans, to get money when bad things happen, like natural disasters, and gives them more time to pay it back without extra costs.