S 2770
99th Congress
Senate
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: August 15, 1986
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 29, 1986
Committee on Agriculture received executive comment from Farm Credit Administration. Unfavorable.
Sep 15, 1986
Committee on Agriculture requested executive comment from Farm Credit Administration.
Aug 15, 1986
Referred to Subcommittee on Agricultural Credit.
Aug 15, 1986
Read twice and referred to the Committee on Agriculture.
Aug 15, 1986
Introduced in Senate
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
Committee on Agriculture received executive comment from Farm Credit Administration. Unfavorable.
Committees of jurisdiction
2
Cosponsors
1