legislation: 99-s-2899
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99-s-2899 | 99 | s | 2899 | Farm Credit System Interest Reduction Act of 1986 | Agriculture and Food | 1986-10-01 | 1986-10-01 | Read twice and referred to the Committee on Agriculture. | Senate | Sen. Symms, Steven D. [R-ID] | ID | R | S001138 | 3 | Farm Credit System Interest Reduction Act of 1986 - Title I: Farm Credit Assistance and Interest Reduction - Directs the Secretary of the Treasury to make loans to Farm Credit System (FCS) institutions to: (1) remove high-cost bonds from the FCS's portfolio; and (2) retire or restructure nonaccruing FCS-held loans. Provides for borrower interest rate reductions. Title II: Rights of Borrowers - Sets forth borrower rights relating to: (1) access to files and related information; (2) bank mergers; (3) district board election; and (4) financial disclosure by FCS officials. Directs the Comptroller General to conduct a feasibility study regarding the return of the FCS to local control. Title III: Independent Interest Rate-Setting Authority - Repeals Farm Credit Administration rate-setting authority. Title IV: Funding for Farm Credit Assistance - Repeals: (1) the Legal Services Corporation Act; and (2) the Export-Import Bank Act of 1945. Withholds from obligation and expenditure specified funds from the Foreign Assistance Act of 1961 relating to: (1) population planning; (2) voluntary United Nations contributions; and (3) foreign aid to non-Camp David countries. | 2025-08-29T16:29:29Z |