Rural Development Act Amendments

[AI summary unavailable — showing source text] Rural Development Act Amendments - Sets forth the findings of Congress, states the policy and purpose of Congress, and provides the definition of terms used in the bill. Establishes a National Rural Development Bank Board composed of eleven appointed, three ex officio, and ten elected members. Provides that the appointed members are to be appointed by the President, by and with the advice and consent of the Senate, not more than six of whom shall be from the same political party nor more than one of whom shall be from any State. Sets forth the administrative duties of the Board. Empowers the Board to establish the general policy for the guidance of the Bank in carrying out this Act. Requires the Board to provide for the examination of the condition of and general supervision over the performance of the powers, functions, and duties vested in the Bank and in Participants, which, in the judgment of the Board, relate to matters of board and general supervisory, advisory, or policy nature. Provides that the Board shall make an annual report to the Congress on the condition of the Bank, including analytical program evaluation and cost effectiveness studies, and recommendations to improv…