To amend the Commodity Credit Corporation Charter Act to index the borrowing authority limit of Commodity Credit Corporation for inflation, and for other purposes.

I 116TH CONGRESS 2D SESSION H. R. 7679 To amend the Commodity Credit Corporation Charter Act to index the bor- rowing authority limit of Commodity Credit Corporation for inflation, and for other purposes. IN THE HOUSE OF REPRESENTATIVES JULY 20, 2020 Mr. CRAWFORD introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Commodity Credit Corporation Charter Act to index the borrowing authority limit of Commodity Credit Corporation for inflation, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. INDEXING BORROWING AUTHORITY LIMIT OF 3 COMMODITY CREDIT CORPORATION FOR IN- 4 FLATION. 5 Section 4(i) of the Commodity Credit Corporation 6 Charter Act (15 U.S.C. 714b(i)) is amended by striking 7 ‘‘in the aggregate $30,000,000,000.’’ and inserting the 8 following: ‘‘in the aggregate, for each fiscal year preceding 9 VerDate Sep 11 2014 22:49 Aug 05, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7679.IH H7679 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 7679 IH fiscal year 2021, $30,000,000,000 and beginning with fis- 1 cal year 2021, $68,000,000,000. Beginning with fiscal 2 year 2021, the amount referred to in the preceding sen- 3 tence shall be increased each fiscal year based on the per- 4 centage increase in the consumer price index for all urban 5 consumers (all items; United States city average), over the 6 preceding fiscal year.’’. 7 Æ VerDate Sep 11 2014 22:49 Aug 05, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H7679.IH H7679 kjohnson on DSK79L0C42PROD with BILLS