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H.R.2029 / 104th Congress

Farm Credit System Reform Act of 1996

Became Public Law No: 104-105.

Official summary

Version 00 · Introduced in House · Jul 13, 1995

Farm Credit System Regulatory Relief Act of 1995 - Amends the Farm Credit Act of 1971 to extend the length of time between required Farm Credit Administration examinations of Farm Credit System (FCS) institutions. (Sec. 5) Directs the Farm Credit System Insurance Corporation (FCSIC) to allocate Farm Credit Insurance Fund excess interest earnings to FCS banks. (Sec. 6) Requires FCSIC to implement the least-cost alternative, including liquidation, in providing assistance to troubled FCS banks. (Sec. 8) States that FCSIC may act as conservator or receiver of a FCS institution. (Sec. 9) Sets forth specified FCSIC oversight and regulatory authority, including regulation of golden parachute and indemnification payments. (Sec. 10) Permits FCS associations to establish administrative service entities. (Sec. 11) Sets forth specified requirements for secondary market loan sales, including borrowers' rights. (Sec. 12) Revises certain paperwork, private sector certification, and operating provisions.

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Who introduced it

Rep. Allard, Wayne [R-CO-4] · R–CO

Committees

  • Agriculture, Nutrition, and Forestry Committee
  • Agriculture Committee
31 cosponsorship records, including any withdrawals

Actions

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  1. Became Public Law No: 104-105.

  2. Became Public Law No: 104-105.

  3. Signed by President.

  4. Signed by President.

  5. Presented to President.

  6. Presented to President.

  7. Message on Senate action sent to the House.

  8. Senate agreed to the House amendment to the Senate amendment by Voice Vote. (consideration: CR S531-538)

  9. Resolving differences -- Senate actions: Senate agreed to the House amendment to the Senate amendment by Voice Vote.(consideration: CR S531-538)

  10. Message on House action received in Senate and at the desk: House amendment to Senate amendment.

  11. Motion to reconsider laid on the table Agreed to without objection.

  12. On motion that the House agree with an amendment to the Senate amendments Agreed to without objection. (consideration: CR H33-48)

  13. Resolving differences -- House actions: On motion that the House agree with an amendment to the Senate amendments Agreed to without objection.(consideration: CR H33-48)

  14. Mr. Emerson asked unanimous consent that the House agree with an amendment to the Senate amendments.

  15. Message on Senate action sent to the House.

  16. Passed Senate with an amendment and an amendment to the Title by Voice Vote.

  17. Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.

  18. Amendment SP 3109 agreed to in Senate by Voice Vote.

  19. Amendment SP 3109 proposed by Senator Santorum for Senator Lugar.

  20. Measure laid before Senate. (consideration: CR S19138-19140)

  21. Senate Committee on Agriculture discharged by Unanimous Consent.

  22. Senate Committee on Agriculture discharged by Unanimous Consent.

  23. Received in the Senate and read twice and referred to the Committee on Agriculture.

  24. Motion to reconsider laid on the table Agreed to without objection.

  25. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

  26. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

  27. DEBATE - The House proceeded with forty minutes of debate.

  28. Considered under suspension of the rules. (consideration: CR H15162-15166)

  29. Mr. Allard moved to suspend the rules and pass the bill, as amended.

  30. Placed on the Union Calendar, Calendar No. 207.

  31. Reported (Amended) by the Committee on Agriculture. H. Rept. 104-421.

  32. Reported (Amended) by the Committee on Agriculture. H. Rept. 104-421.

  33. Ordered to be Reported (Amended) by Voice Vote.

  34. Committee Consideration and Mark-up Session Held.

  35. Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

  36. Subcommittee Consideration and Mark-up Session Held.

  37. Subcommittee Hearings Held. Hearings Printed: H. Hrg. 104-20.

  38. Referred to the Subcommittee on Resource Conservation, Research and Forestry.

  39. Executive Comment Requested from Farm Credit Admin.

  40. Referred to the House Committee on Agriculture.

  41. Sponsor introductory remarks on measure. (CR E1429)

  42. Introduced in House

  43. Introduced in House

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