To affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires farmer loan data collection The Farm Credit Act of 1971 (12 U.S.C, requires 4.20. Small farmer loan data collection The purpose of this section is to affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System. In this section, the term, and defines conforming amendments Section 704B(h)(1) of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2(h)(1)) is amended by inserting , other than any entity that is supervised by the Farm Credit Administration before. It relies on definition changes, reporting requirements, compliance mandates, and product standards. The main policy areas are Agriculture and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk and Agricultural producers and rural communities affected by the bill could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Agricultural producers and rural communities affected by the bill would take on compliance duties.
Key Provisions
- Requires farmer loan data collection The Farm Credit Act of 1971 (12 U.S.C.
- Requires 4.20. Small farmer loan data collection The purpose of this section is to affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System. In this section, the term...
- Defines conforming amendments Section 704B(h)(1) of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2(h)(1)) is amended by inserting , other than any entity that is supervised by the Farm Credit Administration before...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires farmer loan data collection The Farm Credit Act of 1971 (12 U.S.C, requires 4.20. Small farmer loan data collection The purpose of this section is to affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System. In this section, the term, and defines conforming amendments Section 704B(h)(1) of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2(h)(1)) is amended by inserting , other than any entity that is supervised by the Farm Credit Administration before.
Key Policy Areas
Agriculture, Finance
Primary Purpose
The bill requires farmer loan data collection The Farm Credit Act of 1971 (12 U.S.C, requires 4.20. Small farmer loan data collection The purpose of this section is to affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System. In this section, the term, and defines conforming amendments Section 704B(h)(1) of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2(h)(1)) is amended by inserting , other than any entity that is supervised by the Farm Credit Administration before.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Agricultural producers and rural communities affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Agricultural producers and rural communities affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Finstad (for himself, Mr. Panetta, Mrs. Fischbach, Mr. LaMalfa, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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