HR 2925 · 99th Congress · Agriculture and Food
Farm Credit Capital Assistance Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Conservation Credit and Rural Development.(1985-07-08)
Plain Language Summary
[AI summary unavailable — showing source text]
Farm Credit Capital Assistance Act - Amends the Farm Credit Act of 1971 to permit the Governor of the Farm Credit Administration to temporarily: (1) reduce the capital requirements of a bank or association; and (2) provide capital worth certificates as partial payment for the purchase of foreclosed farmland or farmland mortgages. Amends the Garn-St Germain Depository Institutions Act of 1982 to postpone from three to six years after enactment of such Act the prospective repeal of certain provisions of the National Housing Act and the Federal Deposit Insurance Act.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Republicans