HR 1559 · 99th Congress · Finance and Financial Sector

Agricultural Bank Capital Assistance Act

Introduced 1985-03-19· Sponsored by Rep. Hubbard, Carroll, Jr. [D-KY-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1985-03-19)

Plain Language Summary

[AI summary unavailable — showing source text] Agricultural Bank Capital Assistance Act - Amends the Federal Deposit Insurance Act to direct the Federal Deposit Insurance Corporation to use its authority under the Net Worth Certificate Act to purchase net worth certificates of certain qualified financial institutions which have made more than 20 percent of their loans for agricultural purposes. Revises capital to adjusted total asset ratio requirements for such qualified institutions. Amends the Garn-St Germain Depository Institutions Act of 1982 to extend the Net Worth Certificate Act by three years.…

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

Cosponsors (4)

1 Democrat3 Republicans