H.R. 2423 · 118th Congress · 2023–2024
Farm Credit Administration Independent Authority Act
H.R. 2423 in the 118th Congress (2023–2024) was introduced on Mar 30, 2023, sponsored by Brad Finstad with 31 co-sponsors.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Mar 30, 2023
- Co-sponsors
- 31
- Policy area
- Agriculture and Food
What it does
Farm Credit Administration Independent Authority Act This bill specifies that the Farm Credit Administration (FCA) is the sole regulator of the Farm Credit System (FCS) and establishes reporting requirements for FCS institutions. Specifically, the bill states that the FCA is the sole and independent regulator of the FCS and exempts entities that are supervised by the FCA from the Equal Credit Opportunity Act (ECOA).
Summary by the nonpartisan Congressional Research Service.
Sponsor
Brad Finstad (R-MN). Co-sponsors: 6 Democrats, 25 Republicans.
Where it stands
- IntroducedMar 30, 2023
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. (Apr 25, 2023)
More bills from Brad Finstad in the 118th Congress
Other Agriculture and Food bills in the 118th Congress
- S. 759: Beagle Brigade Act of 2023
- H.J.Res. 167: Disapproving the rule submitted by the Department of Agriculture relating to "Use of Electronic…
- S. 176: Expanding Agricultural Exports Act of 2023
- H.R. 253: Puerto Rico Nutrition Assistance Fairness Act
- H.R. 530: A–PLUS Act
- H.R. 662: Block Grant Assistance Act of 2023
- H.R. 809: Prohibition of Agricultural Land for the People’s Republic of China Act
- H.R. 1147: Whole Milk for Healthy Kids Act of 2023
- H.R. 1230: Food Deserts Act
- H.R. 1437: Black Vulture Relief Act of 2023
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 2423 (118th Congress): Farm Credit Administration Independent…,” https://www.capitolreceipts.com/bill/118-hr-2423/farm-credit-administration-independent-authority-act (accessed 2026-10-17).