§ 2207. Young, beginning, and small farmers and ranchers

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1980

   Farm Credit Act of 1971

   Pub. L. 92–181 title IV § 4 · 85 Stat. 583

   Enacted · 12 U.S.C. § 2207

   Pub. L. 92–181, title IV, § 4.19, as added Pub. L. 96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3446

   Source evidence

   Code source credit
   Pub. L. 92–181, title IV, § 4.19, as added Pub. L. 96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3446

   Enacted provision · exact public law section
   (4) Sue and be sued.

2. 1988

   Agricultural Credit Technical Corrections Act of 1988

   Pub. L. 100–399 § 901(i) · 102 Stat. 989

   Inserted · 12 U.S.C. § 2207(a)

   Pub. L. 100–399, § 901(i), inserted “Farm Credit Bank” after “district”

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 100–399, § 901(i), inserted “Farm Credit Bank” after “district”.

   Enacted provision · exact public law section
   SEC. 901. OTHER AMENDMENTS. (a) Sections 1.21 and 2.8 are each amended by striking out “742(a)” and 12 USC 2055, 2079. inserting in lieu thereof “3124”. (b) Sections 2.1(12) and 3.1(12) are each amended by striking out 12 USC 2072, 2122. “as defined in section 2 of the Federal Deposit Insurance Act” and inserting in lieu thereof “(within the meaning of section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813))”. (c) Section 3.0 is amended by striking out “one or more” and 12 USC 2121. all that follows through “this Act” and inserting in lieu thereof “another bank”. (d) Subsections (a) and (b) of section 3.2 are amended to read as 12 USC 2123. follows: “(a) Each bank for cooperatives not merged into the United Bank for Cooperatives or the National Bank for Cooperatives shall elect a board of directors of such number, for such term, in such manner, and with such qualifications as may be required in its bylaws, except that at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, or stockholder of a System institution. “(b) The board of directors of the Central Bank for Cooperatives shall consist of one member elected by the board of each bank for cooperatives, including the United Bank for Cooperatives if the Central Bank for Cooperatives is not merged into such bank, and one member appointed by the Farm Credit Administration.”. (e) Section 3.8(a)(4) is amended by striking out “district board” and 12 USC 2129. inserting in lieu thereof “bank board”. (f) Section 4.12(a) is amended by striking out “district board” and 12 USC 2183. inserting in lieu thereof “board of the supervising bank”. (g) Section 4.15 is amended by striking out “district” the first and 12 USC 2203. second places it appears and inserting in lieu thereof “bank”. (h) Section 4.17 is amended by striking out “pursuant to section 12 USC 2205. 2.3 of this Act” and inserting in lieu thereof “and Farm Credit Banks”. (i) Section 4.19(a) is amended by inserting “Farm Credit Bank” 12 USC 2207. after “district”. (j) Section 4.19(b) is amended— (1) by striking out “The Federal land bank and the Federal intermediate credit bank” and inserting in lieu thereof “The Farm Credit Bank”; (2) by striking out “their” each place it appears and inserting in lieu thereof “its”; (3) by striking out “of this section”; (4) by striking out “banks” and inserting in lieu thereof “bank”; and (5) by striking out “a joint” and inserting in lieu thereof “an”. (k) Section 4.28 is amended— (1) by inserting “or associations” after “exempt banks”; and (2) by striking out “1.21, 2.8,” and inserting in lieu thereof “1.15, 2.17,”. (l) Section 5.16 is amended by striking out “district” and inserting in lieu thereof “bank”. (m) Section 5.17(a) is amended— (1) in paragraph (1), by striking out “district boards” and inserting in lieu thereof “district banks”; (2) in paragraph (2), by striking out “boards of the districts” and inserting in lieu thereof “district bank boards”; and (3) in paragraph (3), by striking out “Federal land banks” and all that follows through “of this Act” and inserting in lieu thereof “Farm Credit Banks under section 4.19(b)”. (n) Section 5.17(d)(1) is amended— (1) by striking out “of this Act” each place it appears; and (2) by striking out “2.3” and inserting in lieu thereof “1.7(b)”. (o) The title heading of title V is amended to read as follows: “TITLE V— FARM CREDIT ADMINISTRATION ORGANIZATION”. (p) Title V is amended by striking out the heading of part A. (q) Section 5.0 is amended— (1) by striking out “Sec. 5.0. Creation of” and inserting in lieu thereof “(b) Farm Credit”; and (2) by striking out “district boards” and inserting in lieu thereof “boards of the banks in each district”. (r) The provision amended by subsection (q) of this section, as so amended, is hereby transferred to the end of section 1.2, where such transferred provision shall become a new subsection (b). (s) Section 1.2 is amended— (1) by inserting “(a) Composition.—” before “The Farm Credit System shall”; and (2) by striking out “the regulation” and inserting in lieu thereof “regulation”.

   Effective date note
   Amendment by Pub. L. 100–399 effective immediately after amendment made by section 401 of Pub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) of Pub. L. 100–399, set out as a note under section 2002 of this title.

3. 1988

   Agricultural Credit Technical Corrections Act of 1988

   Pub. L. 100–399 § 901(j) · 102 Stat. 989

   1. Substituted · 12 U.S.C. § 2207(b)

      Pub. L. 100–399, § 901(j), substituted “The Farm Credit Bank for each district” for “The Federal land bank and the Federal intermediate credit bank for each district”

   2. Substituted · 12 U.S.C. § 2207(b)

      Pub. L. 100–399, § 901(j), substituted “under its supervision” for “under their supervision”

   3. Substituted · 12 U.S.C. § 2207(b)

      Pub. L. 100–399, § 901(j), substituted “subsection (a)” for “subsection (a) of this section”

   4. Substituted · 12 U.S.C. § 2207(b)

      Pub. L. 100–399, § 901(j), substituted “the bank shall” for “the banks shall”

   5. Substituted · 12 U.S.C. § 2207(b)

      Pub. L. 100–399, § 901(j), substituted “an annual report” for “a joint annual report”

   6. Substituted · 12 U.S.C. § 2207(b)

      Pub. L. 100–399, § 901(j), substituted “achievements in its district” for “achievements in their district”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 100–399, § 901(j), substituted “The Farm Credit Bank for each district” for “The Federal land bank and the Federal intermediate credit bank for each district”, “under its supervision” for “under their supervision”, “subsection (a)” for “subsection (a) of this section”, “the bank shall” for “the banks shall”, “an annual report” for “a joint annual report”, and “achievements in its district” for “achievements in their district”.

   Enacted provision · exact public law section
   (j) Section 4.19(b) is amended— (1) by striking out “The Federal land bank and the Federal intermediate credit bank” and inserting in lieu thereof “The Farm Credit Bank”; (2) by striking out “their” each place it appears and inserting in lieu thereof “its”; (3) by striking out “of this section”; (4) by striking out “banks” and inserting in lieu thereof “bank”; and (5) by striking out “a joint” and inserting in lieu thereof “an”.

   Effective date note
   Amendment by Pub. L. 100–399 effective immediately after amendment made by section 401 of Pub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) of Pub. L. 100–399, set out as a note under section 2002 of this title.

4. 2018

   Agriculture Improvement Act of 2018

   Pub. L. 115–334 title V § 5411(25) · 132 Stat. 4490

   1. Struck · 12 U.S.C. § 2207(a)

      Pub. L. 115–334 struck out “district” before “Farm Credit Bank board” and “Federal land bank association and production credit” before “association shall prepare”

   2. Substituted · 12 U.S.C. § 2207(a)

      Pub. L. 115–334 substituted “institutions” for “units”

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 115–334 struck out “district” before “Farm Credit Bank board” and “Federal land bank association and production credit” before “association shall prepare” and substituted “institutions” for “units”.

   Enacted provision · exact public law section
   (25) Section 4.19(a) of the Farm Credit Act of 1971 (12 U.S.C. 2207(a)) is amended— (A) in the first sentence— (i) by striking “district”; and (ii) by striking “Federal land bank association and production credit”; and (B) in the second sentence, by striking “units” and inserting “institutions”.

10 of 10 references resolved to an enrolled provision