A bill to amend the Farm Credit Act of 1971 relating to credit eligibility for cooperatives serving agricultural producers, and to enlarge the access of production credit associations to Federal district courts.

[AI summary unavailable — showing source text] Reduces to 60 percent the percentage of voting control which must be held by farmers, producers, or harvesters in order for rural electric, telephone, and public utility cooperatives to be eligible to borrow from banks for cooperatives under the Farm Credit Act of 1971. Removes the prohibitions against Federal jurisdiction in suits against institutions of the Farm Credit System.…