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United States · Bill · HR

H.R. 5635 (99th)

Farm Credit Act Amendments of 1986

referredUnited States· United States Congress· EN

Introduced

2 October 1986

Last action

18 October 1986 · Introduced

Status

Read twice and referred to the Committee on Agriculture.

Sponsors

Rep. Jones, Ed [D-TN-7], Rep. de la Garza, E. [D-TX-15], Rep. Madigan, Edward R. [R-IL-21], Rep. Coleman, E. Thomas [R-MO-6], Rep. Bedell, Berkley W. [D-IA-6], Rep. Brown, George E., Jr. [D-CA-36], Rep. Bruce, Terry L. [D-IL-19], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Combest, Larry [R-TX-19], Rep. Emerson, Bill [R-MO-8], Rep. Evans, Lane [D-IL-17], Rep. Franklin, William W. [R-MS-2], Rep. Glickman, Dan [D-KS-4], Rep. Gunderson, Steve [R-WI-3], Rep. Hatcher, Charles [D-GA-2], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Rep. Jeffords, James M. [R-VT-At Large], Rep. Jones, Walter B. [D-NC-1], Rep. Morrison, Sid [R-WA-4], Rep. Staggers, Harley O., Jr. [D-WV-2], Rep. Stallings, Richard H. [D-ID-2], Rep. Stangeland, Arlan [R-MN-7], Rep. Stenholm, Charles W. [D-TX-17], Rep. Tallon, Robert M. (Robin) [D-SC-6], Rep. Thomas, Lindsay [D-GA-1], Rep. Akaka, Daniel K. [D-HI-2], Rep. Alexander, Bill [D-AR-1], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Bateman, Herbert H. [R-VA-1], Rep. Bevill, Tom [D-AL-4], Rep. Boehlert, Sherwood [R-NY-25], Rep. Boner, William H. [D-TN-5], Rep. Breaux, John B. [D-LA-7], Rep. Byron, Beverly B. [D-MD-6], JAMES COOPER, Rep. Darden, George (Buddy) [D-GA-7], Rep. Derrick, Butler C. [D-SC-3], Rep. Dowdy, Wayne [D-MS-4], Sen. Durbin, Richard J. [D-IL], Rep. Dyson, Roy [D-MD-1], Rep. Edgar, Robert W. [D-PA-7], Rep. Flippo, Ronnie G. [D-AL-5], Rep. Ford, Harold E. [D-TN-8], Rep. Gaydos, Joseph M. [D-PA-20], Rep. Gilman, Benjamin A. [R-NY-26], Rep. Gordon, Bart [D-TN-6], Marcy Kaptur

Subjects

Agriculture

Source updated

14 January 2025

Agriculture

Official sourceView documentsShare

Summary

Farm Credit Act Amendments of 1986 - Amends the Farm Credit Act of 1971 to terminate the Farm Credit Administration's (FCA) prior approval authority over Farm Credit System (FCS) loan interest rates. Authorizes FSC banks, from July 1, 1986 through December 31, 1988, to reduce borrowing costs by capitalizing "excess" borrowing costs (amounts by which debt incurred before January 1, 1985, exceeds prevailing market rates) and loan losses and amortizing such amounts over 20 years. Terminates FCA's prior approval authority over interest rates on FCS direct and discounted loans. Exempts FCS banks from having to follow generally accepted accounting principles in preparing financial statements relating to amortization of capitalized costs.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 2 October 1986

    Reported

    Ordered to be Reported.

    Source: Committee

  2. 2 October 1986

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  3. 2 October 1986

    Introduced

    Referred to House Committee on Agriculture.

    Source: IntroReferral

  4. 2 October 1986

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 2 October 1986

    Introduced

    Introduced in House

    Source: IntroReferral

  6. 6 October 1986

    Introduced

    Received in the Senate.

    Source: IntroReferral

  7. 6 October 1986

    Passed

    Passed House (Amended) by Voice Vote.

    Source: Floor

  8. 6 October 1986

    Passed

    Passed/agreed to in House: Passed House (Amended) by Voice Vote.

    Source: Floor

  9. 6 October 1986

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

  10. 6 October 1986

    Calendars

    Placed on Union Calendar No: 577.

    Source: Calendars

  11. 6 October 1986

    Reported

    Reported to House (Amended) by House Committee on Agriculture. Report No: 99-967.

    Source: Committee

  12. 6 October 1986

    Reported

    Reported to House (Amended) by House Committee on Agriculture. Report No: 99-967.

    Source: Committee

  13. 18 October 1986

    Introduced

    Read twice and referred to the Committee on Agriculture.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

Sponsors

Showing 48 of 69 sponsors and actors.

Related records

No cross-record relationships stored yet.

Sources

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