Farm Credit Administration Independent Authority Act
Sponsored By: Representative Finstad
In Committee
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.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New loan data rules for small farmers
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 could not require guessing by look or surname. This would apply to applications and loans one year or more after the date of enactment. The bill would also remove FCA-supervised lenders from a related Equal Credit Opportunity Act provision. If that related federal rule for other lenders is overturned or repealed, Farm Credit lenders would not have to follow these new rules; those two changes would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Finstad
MN • R
Cosponsors
Panetta
CA • D
Sponsored 2/6/2025
Miller (IL)
IL • R
Sponsored 2/6/2025
Baird
IN • R
Sponsored 2/6/2025
Fischbach
MN • R
Sponsored 2/6/2025
Moolenaar
MI • R
Sponsored 2/6/2025
Self
TX • R
Sponsored 2/7/2025
Stauber
MN • R
Sponsored 2/10/2025
Huizenga
MI • R
Sponsored 4/24/2025
Bergman
MI • R
Sponsored 7/15/2025
Gray
CA • D
Sponsored 9/3/2025
Vindman
VA • D
Sponsored 9/16/2025
Bresnahan
PA • R
Sponsored 10/17/2025
Barr
KY • R
Sponsored 11/17/2025
Schmidt
KS • R
Sponsored 2/26/2026
Roll Call Votes
No roll call votes available for this bill.
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