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HR 1063119th CongressIntroduced
Farm Credit Administration Independent Authority Act
Introduced: Oct 18, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Farm Credit Administration Independent Authority Act affirms FCA as sole regulator of Farm Credit System and requires demographic data collection from small farmers.
Key Points
- 1Affirms Farm Credit Administration as sole independent regulator of Farm Credit System
- 2Requires FCS institutions to collect race, sex, and ethnicity data from small farmer loan applicants
- 3Mandates annual public reporting of demographic data while protecting PII
- 4Allows voluntary disclosure - no visual observation or surname-based reporting
- 5Amends Equal Credit Opportunity Act to exclude FCA-supervised entities
- 6Includes cessation clause if related regulations are invalidated
Impact Areas
Farm Credit System institutionsSmall farmers and ranchersFarm Credit AdministrationAgricultural lending industryCivil rights and fair lending
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