# 119-hr-1063: Farm Credit Administration Independent Authority Act

119-hr-1063, Farm Credit Administration Independent Authority Act, is a 119th Congress bill sponsored by Rep. Finstad, Brad [R-MN-1] (R-MN); status in_committee; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1063
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1063
- Congress: 119
- Title: Farm Credit Administration Independent Authority Act
- Status: in_committee
- Introduced: 2025-02-06
- Sponsor: Rep. Finstad, Brad [R-MN-1] (R-MN)
- Cosponsors: 14
- Policy area: Agriculture and Food
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Designates the Farm Credit Administration (FCA) as the sole and independent regulator of the Farm Credit System.** It would also create a data-collection and public-disclosure framework requiring Farm Credit System lenders to request and report race, sex, and ethnicity information for small farmers.

## Cosponsors (14)

- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2025-02-06T00:00:00.000Z
- Rep. Miller, Mary E. [R-IL-15] (R-IL), 2025-02-06T00:00:00.000Z
- Rep. Baird, James R. [R-IN-4] (R-IN), 2025-02-06T00:00:00.000Z
- Rep. Fischbach, Michelle [R-MN-7] (R-MN), 2025-02-06T00:00:00.000Z
- Rep. Moolenaar, John R. [R-MI-2] (R-MI), 2025-02-06T00:00:00.000Z
- Rep. Self, Keith [R-TX-3] (R-TX), 2025-02-07T00:00:00.000Z
- Rep. Stauber, Pete [R-MN-8] (R-MN), 2025-02-10T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2025-04-24T00:00:00.000Z
- Rep. Bergman, Jack [R-MI-1] (R-MI), 2025-07-15T00:00:00.000Z
- Rep. Gray, Adam [D-CA-13] (D-CA), 2025-09-03T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-09-16T00:00:00.000Z
- Rep. Bresnahan, Robert P. [R-PA-8] (R-PA), 2025-10-17T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2025-11-17T00:00:00.000Z
- Rep. Schmidt, Derek [R-KS-2] (R-KS), 2026-02-26T00:00:00.000Z

## Provisions PRIA read

- New loan data rules for small farmers: mixed, low. If enacted, Farm Credit System lenders would ask small-farmer loan applicants to voluntarily share their race, sex, and ethnicity. Lenders would keep this data and report it to the Farm Credit Administration each year. The FCA would publish only aggregated, non-identifying results each year, and co…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2102: Major Richard Star Act
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-516: To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-1502: North Platte Canteen Congressional Gold Medal Act

## Sources
- [119-hr-1063 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1063)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-516: To amend the Internal Revenue Code of 1986 to modify the railroad track mainten…](https://policyrisk.com/legislation/119-hr-516)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-1502: North Platte Canteen Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1502)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1063 (as of 2026-04-21).