Summary: H.R.7862 — 94th Congress (1975-1976)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Reported to House with amendment(s) (11/01/1975)

(Reported to House from the Committee on Agriculture with amendment, H. Rept. 94-609)

Reduces to 70 percent the percentage of voting control which must be held by farmers, producers, or harvesters in order for rural electric, telephone, and public utility cooperatives to be eligible to borrow from banks for cooperatives under the Farm Credit Act of 1971.

Removes the prohibitions against Federal jurisdiction in suits against institutions of the Farm Credit System.