Frazier-Lemke Act

Frazier–Lemke Farm Bankruptcy Act

Other short titles	Farm Mortgage Moratorium Act Federal Farm Bankruptcy Act of 1934 Frazier-Lemke Act Frazier-Lemke Farm-Mortgage Act
Long title	An Act to amend an Act entitled "An Act to establish a uniform system of bankruptcy throughout the United States", approved July 1, 1898, and Acts amendatory thereof and supplementary thereto.
Enacted by	the 73rd United States Congress
Effective	June 28, 1934
Citations
Public law	73-486
Statutes at Large	48 Stat. 1289, Chapter 869
Legislative history
Introduced in the House as S. 3580 on June 1, 1934 Passed the Senate on June 13, 1934 (passed) Passed the House on June 15, 1934 (passed, in lieu of H.R. 9865) with amendment Reported by the joint conference committee on June 16, 1934; agreed to by the House on June 18, 1934 (agreed) and by the on   Senate agreed to House amendment on June 18, 1934 (agreed) Signed into law by President Franklin D. Roosevelt on June 28, 1934
United States Supreme Court cases

The Frazier–Lemke Farm Bankruptcy Act was an Act of Congress passed in the United States in 1934 that restricted the ability of banks to repossess farms.

The U.S. 73rd Congressional Senate bill S. 3580 was signed into law by the 32nd President of the United States Franklin Roosevelt.

Between 1933 and 1936, the United States Congress in conjunction with President Franklin D. Roosevelt passed several economic programs with the goals of giving work (relief) to the unemployed, reform of business and financial practices, and recovery of the economy during The Great Depression.

Roosevelt was interested in farm issues and believed that general prosperity would not return until farming was prosperous. Many different programs were directed at farmers. The first hundred days produced a federal program to raise farm incomes by raising the prices farmers received, which was achieved by reducing total farm output. The Agricultural Adjustment Act created the Agricultural Adjustment Administration (AAA) in May 1933. The act reflected the demands of leaders of major farm organizations, especially the Farm Bureau, and reflected debates among Roosevelt's farm advisers such as Secretary of Agriculture Henry A. Wallace, Rexford Tugwell, Lewis C. Gray and George Peek.

The U.S. 73rd Congressional session passed legislation during June 1934 which amended the Bankruptcy Act of 1898.

The S. 3580 farm bankruptcy law Pub.L. 73–486, 48 Stat. 1289 was enacted on June 28, 1934. The H.R. 5884 corporate reorganization law Pub.L. 73–296, 48 Stat. 911 was enacted on June 7, 1934.

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