Bill · H.R. 1063· House(119-HR-1063)

Farm Credit Administration Independent Authority Act

Age: 50 years

Minnesota

Introduced: 2/6/2025
Last activity: 3/7/2025 — Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Sponsored by: Brad Finstad
Cosponsors: - 11 - 3

Agriculture and Food

Introduced
In Committee

What this bill would do

The Farm Credit Administration Independent Authority Act aims to affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System. It introduces requirements for Farm Credit System institutions to request and collect demographic data, such as race, sex, and ethnicity, from small farmer loan applicants. This information must be reported annually to the Farm Credit Administration. The Administration is then tasked with making this gathered information available to the public annually. The bill also includes provisions regarding the protection of personally identifiable information and the handling of voluntary disclosures.

Yes· 3 of 9

Does this make what the government does easier for the public to see?+3
The bill requires the Farm Credit Administration to make annual demographic data on small farmer loan applicants available to the public.
Would Black Americans be better off under this?+2
The bill facilitates public oversight of loan demographics which can help identify disparities affecting minority groups.
Would Hispanic Americans be better off under this?+2
The bill facilitates public oversight of loan demographics which can help identify disparities affecting minority groups.