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About
Us: Government Relations
Government Relations
Farm Bill Conferees Warned
Not to Expand FCS Lending
Authority
The leaders of the House
Financial Services and Senate
Banking Committees yesterday
urged key members of the
House-Senate Farm Bill
conference not to consider any
Farm Credit System expansion
proposals without first
consulting them. Senate Banking
Committee Chairman Chris Dodd
(D-Conn.) and ranking member
Richard Shelby (R-Ala.), along
with House Financial Services
Chairman Barney Frank (D-Mass.)
and ranking member Spencer
Bachus (R-Ala.), emphasized in a
letter that credit issues fall
under the jurisdiction of their
panels.
"We understand and appreciate
that...proposals to expand the
lending authority of the FCS are
in neither the House Farm Bill
nor the Senate Farm Bill," they
said. "If you are pressed to
consider such proposals during
conference, however, we urge you
to consult with [our committees]
prior to taking any such
action." Meanwhile, ABA
continues its own intense effort
to prevent any FCS expansion
provisions from being slipped
into the final Farm Bill. Read
the
letter. For more
information, contact ABA's
John Blanchfield.
Legislative Resources
Letters
to Congressional Delegation
Maps and
elected congressional
members for each of our five states.
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Useful Information and
Resources
Pending GSE Regulatory Reform
Legislation
- U.S.
Senate Committee on Banking, Housing, and Urban Affairs
- House
Committee on Financial Services
H.R. 1461, "Federal Housing Finance Reform Act of 2005"
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