HR 1063 · in committee · major
Farm Credit Administration Independent Authority Act
- government reform
What this bill does
- This bill makes the Farm Credit Administration the sole regulator of the Farm Credit System and exempts it from certain consumer protection rules.
- Farm lenders supervised by the Farm Credit Administration are affected, along with small farmers applying for loans.
- The bill requires farm lenders to collect and report demographic data on loan applicants to the Farm Credit Administration annually.
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Community Threads
Started by Cosponsor
- 01
How would exempting farm lenders from certain consumer protection rules affect borrowing costs and terms for small farmers seeking loans?
- 02
What specific consumer protections are being waived, and what evidence suggests farm borrowers don't need them?
- 03
How will requiring demographic data collection help the Farm Credit Administration oversee lenders, and what safeguards protect applicant privacy?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-MN-1
Brad Finstad
Citizen cosponsors
0
In Congress
14/ 435
House Reps cosponsoring
Introduced 2025-03-07
Joining the bill
John R. Moolenaar
R-MI-2 · original
Jimmy Panetta
D-CA-19 · original
James R. Baird
R-IN-4 · original
Michelle Fischbach
R-MN-7 · original
Mary E. Miller
R-IL-15 · original
Keith Self
R-TX-3
Pete Stauber
R-MN-8
Bill Huizenga
R-MI-4
Jack Bergman
R-MI-1
Adam Gray
D-CA-13
Eugene Simon Vindman
D-VA-7
Robert P. Bresnahan, Jr.
R-PA-8
+ 2 more
Legislative timeline
2025-03-07 · house · Committee
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
2025-02-06 · house · IntroReferral
Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2025-02-06 · house · IntroReferral
Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2025-02-06 · IntroReferral
Introduced in House
2025-02-06 · IntroReferral
Introduced in House
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