HR 3214 · 102th Congress · Agriculture and Food

Federal Agricultural Mortgage Corporation Financial Safety and Soundness Act of 1991

Introduced 1991-08-02· Sponsored by Rep. Bereuter, Doug [R-NE-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.3300.(1991-10-08)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Agricultural Mortgage Corporation Financial Safety and Soundness Act of 1991 - Amends the Farm Credit Act of 1971 to establish in the Treasury: (1) the Office of Secondary Market Examination and Oversight; and (2) the Agricultural Secondary Market Examination and Oversight Fund. Sets forth provisions regarding: (1) minimum and critical capital levels for the Federal Agricultural Mortgage Corporation; (2) conservatorship; (3) capital restoration plans; (4) judicial review; (5) cease and desist orders; (6) civil money penalties; (7) hearings; and (8) subpoena authority.…

Summarized by Claude AI · Non-partisan · For informational purposes only