Bill

Bill > HR2423


US HR2423

US HR2423
Farm Credit Administration Independent Authority Act


summary

Introduced
03/30/2023
In Committee
04/25/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System.

AI Summary

This bill affirms that the Farm Credit Administration (FCA) is the sole and independent regulator of the Farm Credit System. It requires Farm Credit System institutions to collect and report demographic data on their small farmer, rancher, and aquatic product producer borrowers to the FCA annually. The bill also exempts entities supervised by the FCA from the Equal Credit Opportunity Act's requirement to report certain demographic data to the Consumer Financial Protection Bureau.

Committee Categories

Agriculture and Natural Resources

Sponsors (32)

Last Action

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. (on 04/25/2023)

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