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United States · Bill · S

S. 2770 (99th)

Farm Credit System Borrower Interest Rate Relief Act of 1986

openUnited States· United States Congress· EN

Introduced

15 August 1986

Last action

29 September 1986 · Committee

Status

Committee on Agriculture received executive comment from Farm Credit Administration. Unfavorable.

Sponsors

Sen. Cochran, Thad [R-MS], Sen. Pryor, David H. [D-AR], Sen. Leahy, Patrick J. [D-VT], Sen. Bumpers, Dale [D-AR], Sen. Ford, Wendell H. [D-KY], Sen. Burdick, Quentin N. [D-ND], Sen. Mattingly, Mack [R-GA], Sen. Andrews, Mark [R-ND], Sen. Boschwitz, Rudy [R-MN], Sen. Bentsen, Lloyd M. [D-TX], Sen. Durenberger, Dave [R-MN], Sen. Heflin, Howell [D-AL], Sen. Abdnor, James [R-SD], Sen. Denton, Jeremiah [R-AL], Sen. Boren, David L. [D-OK], Sen. Stennis, John C. [D-MS], Sen. Eagleton, Thomas F. [D-MO], Sen. Nickles, Don [R-OK], Sen. McConnell, Mitch [R-KY], Sen. Wilson, Pete [R-CA], Sen. Nunn, Sam [D-GA], Sen. Sasser, Jim [D-TN], Sen. Gore, Albert, Jr. [D-TN], Sen. Exon, J. James [D-NE], Sen. Hollings, Ernest F. [D-SC], Sen. Specter, Arlen [R-PA], Sen. Long, Russell B. [D-LA], Sen. D'Amato, Alfonse [R-NY], Sen. Gorton, Slade [R-WA], Sen. Trible, Paul S., Jr. [R-VA]

Subjects

Agriculture

Source updated

29 August 2025

Agriculture

Official sourceView documentsShare

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.

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

Timeline

  1. 15 August 1986

    Referred

    Referred to Subcommittee on Agricultural Credit.

    Source: Committee

  2. 15 August 1986

    Introduced

    Read twice and referred to the Committee on Agriculture.

    Source: IntroReferral

  3. 15 August 1986

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 15 September 1986

    Committee

    Committee on Agriculture requested executive comment from Farm Credit Administration.

    Source: Committee

  5. 29 September 1986

    Committee

    Committee on Agriculture received executive comment from Farm Credit Administration. Unfavorable.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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