A bill to amend the Farm Credit Act of 1971 relating to credit eligibility for cooperatives serving agricultural producers, and to enlarge the access of production credit associations to Federal district courts.

Summary

Reduces to 60 percent the percentage of voting control which must be held by farmers, producers, or harvesters in order for rural electric, telephone, and public utility cooperatives to be eligible to borrow from banks for cooperatives under the Farm Credit Act of 1971. Removes the prohibitions against Federal jurisdiction in suits against institutions of the Farm Credit System.

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Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 31 December 1975

  ViewDownloadOpen at official source

• Reported to House with amendment(s)

  summary · EN · 1 November 1975

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• Introduced in House

  summary · EN · 12 June 1975

  Open at official source

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