To amend the Farm Credit Act of 1971 to improve supervision and regulation with respect to the financial safety and soundness of the Federal Agricultural Mortgage Corporation, and for other purposes.
Federal Agricultural Mortgage Corporation Financial Safety and Soundness Act of 1991 - Amends the Farm Credit Act of 1971 to establish in the Treasury: (1) the Office of Secondary Market Examination and Oversight; and (2) the Agricultural Secondary Market Examination and Oversight Fund.
Sets forth provisions regarding: (1) minimum and critical capital levels for the Federal Agricultural Mortgage Corporation; (2) conservatorship; (3) capital restoration plans; (4) judicial review; (5) cease and desist orders; (6) civil money penalties; (7) hearings; and (8) subpoena authority.
Placed on the Union Calendar, Calendar No. 143.
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
Referred to the Subcommittee on Conservation, Credit, and Rural Development.
See H.R.3300.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line