Summary: H.R.3339 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.3339. Bill summaries are authored by CRS.

Shown Here:
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.