HR 3214 · 102th Congress · Agriculture and Food
Federal Agricultural Mortgage Corporation Financial Safety and Soundness Act of 1991
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: 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