H.R. 2913 (100th): A bill to enhance the rights of Farm Credit System borrowers.

Introduced:
Jul 09, 1987 (100th Congress, 1987–1988)
Status:
Died (Referred to Committee)
Sponsor
Timothy Penny
Representative for Minnesota's 1st congressional district
Party
Democrat
Related Bills
H.R. 3030 (Related)
Agricultural Credit Act of 1987

Signed by the President
Jan 06, 1988

 
Status

This bill was introduced on July 9, 1987, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 09, 1987
Referred to Committee Jul 09, 1987
 
Summary

No summaries available.

Cosponsors
none
Committees

House Agriculture

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/9/1987--Introduced.
Amends the Farm Credit Act of 1971 to provide for stockholder reconsideration, upon the request of at least five percent of the stockholders, of any decision by an association under the Farm Credit System (FCS) to voluntarily merge with another such association.
Adds provisions with respect to Federal land bank association sales of inventory land to:
(1) require purchasers of such real estate to buy capital stock and participation certificates in the Federal land bank from which the association receives loans; and
(2) establish priorities for sales of such property.
Requires FCS institutions to provide to borrowers specified information about their loans, including the procedures for restructuring a loan, interest rates, and offers to sell foreclosure property to the previous owner before sale to any other person.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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