3.0.0 2423 2024-08-17T08:05:33Z 2024-08-17T08:05:33Z House H HR 2023-03-30 118 [Congressional Record Volume 169, Number 58 (Thursday, March 30, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FINSTAD:H.R. 2423.Congress has the power to enact this legislation pursuantto the following:Laws which shall be necessary and proper for carrying intoExecution the foregoing Powers, and all Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.The single subject of this legislation is:Affirms the Farm Credit Administration as the sole andindependent regulator of the Farm Credit System.[Page H1694]]]> hsag00 Agriculture Committee House Standing hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee Referred to 2023-04-25T16:34:04Z Referred to 2023-03-30T13:04:35Z hsba00 Financial Services Committee House Standing Referred to 2023-03-30T13:04:40Z Farm, Food, and National Security Act of 2024 118 8467 HR 2024-05-24 Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21. Related bill CRS 2023-04-25 hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee 1 House committee actions Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. Committee 2023-03-30 Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-03-30 Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2023-03-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-03-30 Introduced in House IntroReferral 1000 9 Library of Congress F000475 Rep. Finstad, Brad [R-MN-1] Brad Finstad R MN 1 N P000613 Rep. Panetta, Jimmy [D-CA-19] Jimmy Panetta D CA 19 2023-03-30 True F000470 Rep. Fischbach, Michelle [R-MN-7] Michelle Fischbach R MN 7 2023-03-30 True L000578 Rep. LaMalfa, Doug [R-CA-1] Doug LaMalfa R CA 1 2023-03-30 True C001119 Rep. Craig, Angie [D-MN-2] Angie Craig D MN 2 2023-03-30 True B001301 Rep. Bergman, Jack [R-MI-1] Jack Bergman R MI 1 2023-04-03 False M001212 Rep. Moore, Barry [R-AL-2] Barry Moore R AL 2 2023-04-03 False N000193 Rep. Nunn, Zachary [R-IA-3] Zachary Nunn R IA 3 2023-04-06 False S001212 Rep. Stauber, Pete [R-MN-8] Pete Stauber R MN 8 2023-04-06 False M001136 Rep. McClain, Lisa C. [R-MI-9] Lisa McClain R MI C. 9 2023-04-13 False B001307 Rep. Baird, James R. [R-IN-4] James Baird R IN R. 4 2023-04-17 False S001224 Rep. Self, Keith [R-TX-3] Keith Self R TX 3 2023-04-17 False J000304 Rep. Jackson, Ronny [R-TX-13] Ronny Jackson R TX 13 2023-04-24 False L000600 Rep. Langworthy, Nicholas A. [R-NY-23] Nicholas Langworthy R NY A. 23 2023-04-25 False M001211 Rep. Miller, Mary E. [R-IL-15] Mary Miller R IL E. 15 2023-04-27 False M001194 Rep. Moolenaar, John R. [R-MI-2] John Moolenaar R MI R. 2 2023-05-05 False K000388 Rep. Kelly, Trent [R-MS-1] Trent Kelly R MS 1 2023-06-07 False C001087 Rep. Crawford, Eric A. "Rick" [R-AR-1] Eric Crawford R AR A. "Rick" 1 2023-06-07 False A000379 Rep. Alford, Mark [R-MO-4] Mark Alford R MO 4 2023-06-14 False D000633 Rep. Duarte, John S. [R-CA-13] John Duarte R CA S. 13 2023-07-12 False S001209 Rep. Spanberger, Abigail Davis [D-VA-7] Abigail Spanberger D VA Davis 7 2023-08-29 False H001058 Rep. Huizenga, Bill [R-MI-4] Bill Huizenga R MI 4 2023-08-29 False R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2023-09-21 False P000048 Rep. Pfluger, August [R-TX-11] August Pfluger R TX 11 2023-09-21 False M001224 Rep. Moran, Nathaniel [R-TX-1] Nathaniel Moran R TX 1 2023-11-17 False S001199 Rep. Smucker, Lloyd [R-PA-11] Lloyd Smucker R PA 11 2023-11-28 False M001195 Rep. Mooney, Alexander X. [R-WV-2] Alexander Mooney R WV X. 2 2023-11-29 False V000129 Rep. Valadao, David G. [R-CA-22] David Valadao R CA G. 22 2023-11-30 False B001303 Rep. Blunt Rochester, Lisa [D-DE-At Large] Lisa Blunt Rochester D DE 0 2023-12-04 False G000581 Rep. Gonzalez, Vicente [D-TX-34] Vicente Gonzalez D TX 34 2023-12-04 False F000478 Rep. Fry, Russell [R-SC-7] Russell Fry R SC 7 2023-12-13 False S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2024-08-16 False Agriculture and Food Agriculture and Food 2023-04-13T20:00:19Z 00 2023-03-30 Introduced in House 2024-02-15T19:33:28Z Farm Credit Administration Independent Authority Act

This bill specifies that the Farm Credit Administration (FCA) is the sole regulator of the Farm Credit System (FCS) and establishes reporting requirements for FCS institutions.

Specifically, the bill states that the FCA is the sole and independent regulator of the FCS and exempts entities that are supervised by the FCA from the Equal Credit Opportunity Act (ECOA).

(The bill addresses a proposed rule by the Consumer Financial Protection Bureau [CFPB] that would implement provisions of the ECOA by requiring covered financial institutions, including FCS lenders, to collect and report to the CFPB data on credit applications for small businesses, including the principal owner's race, sex, and ethnicity.)

The bill also requires FCS institutions to (1) request that loan applicants and borrowers that are small farmers disclose information identifying their race, sex, and ethnicity; and (2) annually report the collected information to the FCA. If an FCS institution customer does not voluntarily report the requested information, the FCA may not require the institution to use other means to deduce the information.

]]> Farm Credit Administration Independent Authority Act Display Title 45 Farm Credit Administration Independent Authority Act 2024-07-24T15:23:00Z Short Title(s) as Introduced 101 Farm Credit Administration Independent Authority Act 2024-05-24T13:41:16Z Introduced in House IH Official Title as Introduced 6 To affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System. 2024-03-18T20:33:40Z Introduced in House IH Introduced in House 2023-03-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2423ih/xml/BILLS-118hr2423ih.xml 2023-04-25 Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.