Farm Credit System Borrower Interest Rate Relief Act of 1986

Summary

Farm Credit System Borrower Interest Rate Relief Act of 1986 - States that it is the policy of the Congress that Farm Credit System (System) institutions should take steps to establish competitive interest rates based on the marginal cost of funds. Amends the Farm Credit Act of 1971 to repeal provisions for Farm Credit Administration (FCA) approval of interest rates charged by Federal land banks, Federal intermediate credit banks, and banks for cooperatives. Prohibits the FCA from requiring System institutions to maintain capital levels by charging interest rates in excess of commercial rates.

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Timeline

1. 8 September 1986

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 8 September 1986

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 September 1986

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 September 1986

   Referred

   Referred to Subcommittee on Conservation Credit and Rural Development.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 8 September 1986

  Open at official source

Sponsors

• Rep. Sweeney, David McCann [R-TX-14] · R · Sponsor
• Rep. Gunderson, Steve [R-WI-3] · R · Sponsor
• Rep. Monson, David S. [R-UT-2] · R · Sponsor
• Rep. Loeffler, Tom [R-TX-21] · R · Cosponsor
• Rep. McCollum, Bill [R-FL-8] · R · Cosponsor
• Rep. Schuette, Bill [R-MI-10] · R · Cosponsor
• Rep. Daniel, W. C. (Dan) [D-VA-5] · D · Cosponsor
• · hsag00 · Standing

Related records

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