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United States · Law · HR

H.R. 2029 (104th)

Farm Credit System Reform Act of 1996

enactedUnited States· United States Congress· EN

Introduced

13 July 1995

Last action

10 February 1996 · President

Status

Became Public Law No: 104-105.

Sponsors

Sen. Allard, Wayne [R-CO], Sen. Johnson, Tim [D-SD], Rep. Rahall, Nick J., II [D-WV-3], Rep. Holden, Tim [D-PA-17], Rep. Baldacci, John Elias [D-ME-2], Rep. Chenoweth-Hage, Helen [R-ID-1], Rep. Pomeroy, Earl [D-ND-At Large], Rep. Ewing, Thomas W. [R-IL-15], Rep. Minge, David [D-MN-2], Rep. Cooley, Wes [R-OR-2], Rep. LaHood, Ray [R-IL-18], Rep. Bliley, Tom [R-VA-7], Rep. Stenholm, Charles W. [D-TX-17], Rep. Lucas, Frank D. [R-OK-3], Sen. Crapo, Mike [R-ID], Rep. Lewis, Ron [R-KY-2], Rep. Whitfield, Ed [R-KY-1], Rep. McHugh, John M. [R-NY-23], Rep. Bonior, David E. [D-MI-10], Rep. McKinney, Cynthia A. [D-GA-4], Sen. Chambliss, Saxby [R-GA], Rep. Taylor, Charles H. [R-NC-11], Rep. Boehlert, Sherwood [R-NY-24], Rep. Condit, Gary A. [D-CA-18], Rep. Kingston, Jack [R-GA-1], Rep. Spratt, John M., Jr. [D-SC-5], Rep. Pombo, Richard W. [R-CA-11], Rep. Walsh, James T. [R-NY-25], Rep. Neal, Richard E. [D-MA-1], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Herger, Wally [R-CA-2], Rep. Olver, John W. [D-MA-1]

Subjects

Agriculture

Source updated

7 April 2025

Agriculture

Summary

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.

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

Timeline

  1. 13 July 1995

    Introduced

    Referred to the House Committee on Agriculture.

    Source: IntroReferral

  2. 13 July 1995

    Introduced

    Sponsor introductory remarks on measure. (CR E1429)

    Source: IntroReferral

  3. 13 July 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 13 July 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 20 July 1995

    Referred

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

    Source: Committee

  6. 20 July 1995

    Committee

    Executive Comment Requested from Farm Credit Admin.

    Source: Committee

  7. 27 July 1995

    Committee

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

    Source: Committee

  8. 27 July 1995

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

  9. 27 July 1995

    Committee

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

    Source: Committee

  10. 13 December 1995

    Reported

    Ordered to be Reported (Amended) by Voice Vote.

    Source: Committee

  11. 13 December 1995

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  12. 18 December 1995

    Calendars

    Placed on the Union Calendar, Calendar No. 207.

    Source: Calendars

  13. 18 December 1995

    Reported

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

    Source: Committee

  14. 18 December 1995

    Reported

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

    Source: Committee

  15. 19 December 1995

    Introduced

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

    Source: IntroReferral

  16. 19 December 1995

    Passed

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

    Source: Floor

  17. 19 December 1995

    Passed

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

    Source: Floor

  18. 19 December 1995

    Passed

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

    Source: Floor

  19. 19 December 1995

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

  20. 19 December 1995

    Floor

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

    Source: Floor

  21. 19 December 1995

    Floor

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

    Source: Floor

  22. 21 December 1995

    Floor

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

    Source: Floor

  23. 21 December 1995

    Passed

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

    Source: Floor

  24. 21 December 1995

    Discharge

    Senate Committee on Agriculture discharged by Unanimous Consent.

    Source: Discharge

  25. 21 December 1995

    Committee

    Senate Committee on Agriculture discharged by Unanimous Consent.

    Source: Committee

  26. 22 December 1995

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  27. 3 January 1996

    Passed

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

    Source: ResolvingDifferences

  28. 3 January 1996

    Passed

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

    Source: ResolvingDifferences

  29. 3 January 1996

    Passed

    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)

    Source: NotUsed

  30. 3 January 1996

    ResolvingDifferences

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

    Source: ResolvingDifferences

  31. 4 January 1996

    Floor

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

    Source: Floor

  32. 26 January 1996

    Passed

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

    Source: ResolvingDifferences

  33. 26 January 1996

    Passed

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

    Source: NotUsed

  34. 30 January 1996

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  35. 31 January 1996

    Floor

    Presented to President.

    Source: Floor

  36. 31 January 1996

    President

    Presented to President.

    Source: President

  37. 10 February 1996

    Became law

    Became Public Law No: 104-105.

    Source: President

  38. 10 February 1996

    Became law

    Signed by President.

    Source: BecameLaw

  39. 10 February 1996

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

Documents

18 official files

Enrolled Bill (text)

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  • Enrolled Bill (text)

    Enrolled Bill · EN

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  • Enrolled Bill (PDF)

    Enrolled Bill · EN

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  • Public Law (text)

    Public Law · EN · 11 February 1996

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  • Public Law (PDF)

    Public Law · EN · 11 February 1996

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  • Engrossed Amendment House (text)

    Engrossed Amendment House · EN · 3 January 1996

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  • Engrossed Amendment House (PDF)

    Engrossed Amendment House · EN · 3 January 1996

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  • House agreed to Senate amendment with amendment

    summary · EN · 3 January 1996

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  • Engrossed Amendment Senate (text)

    Engrossed Amendment Senate · EN · 21 December 1995

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  • Engrossed Amendment Senate (PDF)

    Engrossed Amendment Senate · EN · 21 December 1995

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  • Referred in Senate (text)

    Referred in Senate · EN · 19 December 1995

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 19 December 1995

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  • Engrossed in House (text)

    Engrossed in House · EN · 19 December 1995

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 19 December 1995

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  • Reported in House (text)

    Reported in House · EN · 18 December 1995

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  • Reported in House (PDF)

    Reported in House · EN · 18 December 1995

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  • Introduced in House (text)

    Introduced in House · EN · 13 July 1995

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  • Introduced in House (PDF)

    Introduced in House · EN · 13 July 1995

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  • Introduced in House

    summary · EN · 13 July 1995

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