H.R.3339 - Federal Agricultural Mortgage Corporation Financial Safety and Soundness Act of 1991102nd Congress (1991-1992)
|Sponsor:||Rep. Bereuter, Doug [R-NE-1] (Introduced 09/16/1991)|
|Committees:||House - Agriculture; Banking, Finance, and Urban Affairs|
|Latest Action:||House - 10/01/1991 Referred to the Subcommittee on Policy, Research and Insurance. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3339 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in House (09/16/1991)
Federal Agricultural Mortgage Corporation Financial Safety and Soundness Act of 1991 - Title I: Office of Secondary Market Examination and Oversight - Establishes in the Treasury: (1) the Office of Secondary Market Examination and Oversight; and (2) the Agricultural Secondary Market Examination and Oversight Fund.
Title II: Required Capital Levels and Special Enforcement Powers - Sets forth provisions regarding: (1) minimum and critical capital levels for the Federal Agricultural Mortgage Corporation (Corporation); (2) conservatorship; (3) capital restoration plans; and (4) judicial review of Office actions.
Title III: Cease-and-Desist Orders and Civil Money Penalties - Sets forth provisions regarding: (1) ceast-and-desist orders; (2) civil money penalties; (3) hearings; (4) judicial review; and (5) subpoena authority.
Title IV: Amendments to Farm Credit Act of 1971 - Amends the Farm Credit Board with regard to: (1) Corporation dividend reports; and (2) the Farm Credit Administration Operating Expenses Fund.
Title V: Amendments to Title 5 of United States Code - Amends Federal law to include the Director of the Office of Secondary Market Examination and Oversight, Department of the Treasury within level II of the executive schedule.
Title VI: Implementation - Sets forth implementing regulations provisions.