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Farm Credit Administration Independence: End of Consumer Bureau Oversight

This act aims to ensure the Farm Credit Administration (FCA) is the sole and independent regulator of the Farm Credit System. This means the Bureau of Consumer Financial Protection (BCFP) will not be able to issue or enforce policies affecting the FCA and the Farm Credit System, potentially simplifying processes for farmers using these credits.
Key points
The Farm Credit Administration (FCA) becomes the sole regulator of the Farm Credit System, potentially streamlining processes for farmers.
The Bureau of Consumer Financial Protection (BCFP) loses the ability to issue policies affecting the FCA and the Farm Credit System, eliminating dual oversight.
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Expired
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Additional Information
Print number: 117_HR_7768
Sponsor: Rep. Davis, Rodney [R-IL-13]
Process start date: 2022-05-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Farm Credit Administration Independent Authority Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7768.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-13.

What are the main provisions?

Key points include:

  • The Farm Credit Administration (FCA) becomes the sole regulator of the Farm Credit System, potentially streamlining processes for farmers.
  • The Bureau of Consumer Financial Protection (BCFP) loses the ability to issue policies affecting the FCA and the Farm Credit System, eliminating dual oversight.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davis, Rodney [R-IL-13].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Agriculture Economy