HR 5497
99th Congress
House
Agriculture and Food
Agricultural credit
Agriculture and Rural Affairs
Finance and Financial Sector
Government lending
Interest
Interest rates
Farm Credit System Borrower Interest Rate Relief Act of 1986
Introduced: September 10, 1986
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 29, 1986
Unfavorable Executive Comment Received From FCA.
Sep 18, 1986
Subcommittee Hearings Held.
Sep 15, 1986
Referred to Subcommittee on Conservation Credit and Rural Development.
Sep 15, 1986
Executive Comment Requested from UDSA, FCA.
Sep 10, 1986
Referred to House Committee on Agriculture.
Sep 10, 1986
Introduced in House
Plain-English summary
Farm Credit System Borrower Interest Rate Relief Act of 1986 - States that it is the policy of the Congress that Farm Credit System (System) institutions should take steps to establish competitive interest rates based on the marginal cost of funds.
Amends the Farm Credit Act of 1971 to repeal provisions for Farm Credit Administration (FCA) approval of interest rates charged by Federal land banks, Federal intermediate credit banks, and banks for cooperatives.
Prohibits the FCA from requiring System institutions to maintain capital levels by charging interest rates in excess of commercial rates.
What's happening now
Unfavorable Executive Comment Received From FCA.
Committees of jurisdiction
2