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(1) by striking ‘‘not merged into the United 
Bank for Cooperatives or the National Bank for Co-
operatives’’; and 
(2) by adding at the end the following: ‘‘Section 
7.12(c) shall apply to the board of directors of a 
merged bank for cooperatives.’’. 
(e) Section 3.2(a)(2)(A) of such Act (12 U.S.C. 
2123(a)(2)(A)) is amended by striking ‘‘(other than the 
National Bank for Cooperatives)’’. 
(f) Section 3.2 of such Act (12 U.S.C. 2123) is 
amended— 
(1) by striking subsection (b); 
(2) in subsection (a)(2)(B), by striking ‘‘para-
graph’’ and inserting ‘‘subsection’’; 
(3) by striking ‘‘(a)(1)’’ and inserting ‘‘(a)’’; 
(4) by striking ‘‘(2)(A)’’ and inserting ‘‘(b)(1)’’; 
(5) by striking ‘‘(i)’’ and inserting ‘‘(A)’’; 
(6) by striking ‘‘(ii)’’ and inserting ‘‘(B)’’; and 
(7) by striking ‘‘(B)’’ and inserting ‘‘(2)’’. 
(g) Section 3.5 of such Act (12 U.S.C. 2126) is 
amended by striking ‘‘district’’. 
(h) Section 3.7(a) of such Act (12 U.S.C. 2128(a)) 
is amended by striking the second sentence. 
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(i) Section 3.8(b)(1)(A) of such Act (12 U.S.C. 
2129(b)(1)(A)) is amended by inserting ‘‘(or successor 
agency)’’ after ‘‘Rural Electrification Administration’’. 
(j) Section 3.9(a) of such Act (12 U.S.C. 2130(a)) 
is amended by striking the 3rd sentence. 
(k) Section 3.10(c) of such Act (12 U.S.C. 2131(c)) 
is amended by striking the second sentence. 
(l) Section 3.10(d) of such Act (12 U.S.C. 2131(d)) 
is amended— 
(1) by striking ‘‘district’’ each place it appears; 
and 
(2) by inserting ‘‘for cooperatives or successor 
bank’’ before ‘‘on account of such indebtedness’’. 
(m) Section 3.11 of such Act (12 U.S.C. 2132) is 
amended— 
(1) in subsection (a), by striking ‘‘subsections 
(b) and (c)’’ and inserting ‘‘subsection (b)’’; 
(2) in subsection (b)— 
(A) by striking ‘‘district’’; and 
(B) by striking ‘‘Except as provided in 
subsection (c) below, all’’ and inserting ‘‘All’’; 
and 
(3) by striking subsection (c) and redesignating 
subsections (d) through (f) as subsections (c) 
through (e), respectively. 
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(n) The heading for part B of title III of such Act 
is amended by striking ‘‘UNITED AND’’. 
(o) Section 3.20(a) of such Act (12 U.S.C. 2141(a)) 
is amended by striking ‘‘or the United Bank for Coopera-
tives, as the case may be’’. 
(p) Section 3.20(b) of such Act (12 U.S.C. 2141(b)) 
is amended by striking ‘‘the district banks for cooperatives 
and the Central Bank for Cooperatives’’ and inserting ‘‘all 
constituent banks referred to in section 413 of the Agricul-
tural Credit Act of 1987’’. 
(q) Section 3.21 of such Act (12 U.S.C. 2142) is re-
pealed. 
(r) Section 3.28 of such Act (12 U.S.C. 2149) is 
amended by striking ‘‘a district bank for cooperatives and 
the Central Bank for Cooperatives’’ and inserting ‘‘its con-
stituent banks referred to in section 413 of the Agricul-
tural Credit Act of 1987’’. 
(s) Section 3.29 of such Act (12 U.S.C. 2150) is re-
pealed. 
(t)(1) Section 4.0 of such Act (12 U.S.C. 2151) is 
repealed. 
(2) Section 5.60(b) of such Act (12 U.S.C. 2277a- 
9(b)) is amended to read as follows: 
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‘‘(b) AMOUNTS IN FUND.—The Corporation shall de-
posit in the Insurance Fund all premium payments re-
ceived by the Corporation under this part.’’. 
(u)(1) Section 4.8 of such Act (12 U.S.C. 2159) is 
amended— 
(A) by striking ‘‘(a)’’; and 
(B) by striking subsection (b). 
(2) Section 1.1(c) of such Act (12 U.S.C. 2001(c)) 
is amended by striking ‘‘including any costs of defeasance 
under section 4.8(b),’’. 
(v) Section 4.9(d)(2) of such Act (12 U.S.C. 
2160(d)(2)) is amended to read as follows: 
‘‘(2) REPRESENTATION ON BOARD.—The Farm 
Credit System Insurance Corporation shall have no 
representation on the board of directors of the Cor-
poration.’’. 
(w) Section 4.9 of such Act (12 U.S.C. 2160) is 
amended by striking subsection (e) and redesignating sub-
section (f) as subsection (e). 
(x) Section 4.9A(c) of such Act (12 U.S.C. 2162(c)) 
is amended to read as follows: 
‘‘(c) INABILITY TO RETIRE STOCK AT PAR VALUE.— 
If an institution is unable to retire eligible borrower stock 
at par value due to the liquidation of the institution, the 
Farm Credit System Insurance Corporation, acting as re-
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ceiver, shall retire such stock at par value as would have 
been retired in the ordinary course of business of the insti-
tution. The Farm Credit System Insurance Corporation 
shall make use of sufficient funds from the Farm Credit 
Insurance Fund to carry out this section.’’. 
(y) Section 4.12A(a)(1) of such Act (12 U.S.C. 
2184(a)(1)) is amended to read as follows: 
‘‘(1) IN GENERAL.—Every Farm Credit System 
bank or association shall provide a current list of its 
stockholders, within 7 calendar days after receipt of 
a written request by a stockholder, to the requesting 
stockholder.’’. 
(z) Section 4.14A(a) of such Act (12 U.S.C. 
2202a(a)) is amended by inserting ‘‘and section 4.36’’ 
after ‘‘As used in this part’’. 
(aa)(1) Section 4.14A of such Act (12 U.S.C. 2202a) 
is amended— 
(A) in subsection (l), by striking ‘‘production 
credit’’; and 
(B) by striking subsection (h) and redesig-
nating subsections (i) through (l) as subsections (h) 
through (k), respectively. 
(2)(A) Section 5.31 of such Act (12 U.S.C. 2267) is 
amended 
by 
striking 
‘‘4.14A(i)’’ 
and 
inserting 
‘‘4.14A(h)’’. 
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(B) Section 5.32(h) of such Act (12 U.S.C. 2268(h)) 
is amended by striking ‘‘4.14A(i)’’ and inserting 
‘‘4.14A(h)’’. 
(bb)(1) Section 4.14C of such Act (12 U.S.C. 2202c) 
is repealed. 
(2)(A) Section 4.14A(a)(5)(B)(ii)(I) of such Act (12 
U.S.C. 2202a(a)(5)(B)(ii)(I)) is amended by striking 
‘‘4.14C,’’. 
(B) Section 8.9 of such Act (12 U.S.C. 2279aa–9) 
is amended by striking ‘‘4.14C,’’ each place it appears. 
(cc) Section 4.17 of such Act (12 U.S.C. 2205) is 
amended by striking ‘‘Federal intermediate credit banks 
and’’. 
(dd) Section 4.19(a) of such Act (12 U.S.C. 2207(a)) 
is amended— 
(1) by striking ‘‘district’’; 
(2) by striking ‘‘Federal land bank association 
and production credit’’; and 
(3) by striking ‘‘units’’ and inserting ‘‘institu-
tions’’. 
(ee) Section 4.38 of such Act (12 U.S.C. 2219c) is 
amended by striking ‘‘The Assistance Board established 
under section 6.0 and all’’ and inserting ‘‘All’’. 
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(ff) Section 5.17(a)(2) of such Act (12 U.S.C. 
2252(a)(2)) is amended by striking the second and 3rd 
sentences. 
(gg) Section 5.18 of such Act (12 U.S.C. 2253) is 
repealed. 
(hh) Section 5.19(a) of such Act (12 U.S.C. 2254(a)) 
is amended— 
(1) by striking ‘‘Except for Federal land bank 
associations, each’’ and inserting ‘‘Each’’; and 
(2) by striking the second sentence. 
(ii) Section 5.19(b) of such Act (12 U.S.C. 2254(b)) 
is amended— 
(1) in the second sentence of paragraph (1), by 
striking ‘‘except with respect to any actions taken by 
any banks of the System under section 4.8(b),’’; 
(2) by striking the third sentence of paragraph 
(1); 
(3) by striking ‘‘(b)(1)’’ and inserting ‘‘(b)’’; 
and 
(4) by striking paragraphs (2) and (3). 
(jj) Section 5.35(4) of such Act (12 U.S.C. 2271(4)) 
is amended— 
(1) in subparagraph (C)— 
(A) by striking ‘‘after December 31, 
1992,’’; and 
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banks, other financial entities, insurance companies, 
and System institutions under such terms and condi-
tions as the Board may adopt. The voting stock 
shall be fairly and broadly offered to ensure that no 
institution or institutions acquire a disproportionate 
amount of the total amount of voting common stock 
outstanding of a class and that capital contributions 
and issuances of voting common stock for the con-
tributions are fairly distributed between entities eli-
gible to hold Class A and Class B stock, as provided 
under this paragraph.’’; 
(C) by striking ‘‘8.2(b)(2)(A)’’ and inserting 
‘‘8.2(a)(2)(A)’’; and 
(D) by striking ‘‘8.2(b)(2)(B)’’ and inserting 
‘‘8.2(a)(2)(B)’’. 
(uu)(1) Section 8.6 of such Act (12 U.S.C. 2279aa– 
6) is amended by striking subsection (d) and redesignating 
subsection (e) as subsection (d). 
(2)(A) Paragraph (7)(B)(i) of section 8.0 of such Act 
(12 U.S.C. 2279aa), as redesignated by subsection (ss)(1), 
is amended by striking ‘‘through (d)’’ and inserting ‘‘and 
(c)’’. 
(B) Section 8.33(b)(2)(A) of such Act (12 U.S.C. 
2279bb–2(b)(2)(A)) is amended by striking ‘‘8.6(e)’’ and 
inserting ‘‘8.6(d)’’. 
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(vv) Section 8.32(a) of such Act (12 U.S.C. 2279bb– 
1(a)) is amended by striking ‘‘Not sooner than the expira-
tion of the 3-year period beginning on the date of enact-
ment of the Farm Credit System Reform Act of 1996, 
the’’ and inserting ‘‘The’’. 
(ww) Section 8.35 of such Act (12 U.S.C. 2279bb– 
4) is amended by striking subsection (e). 
(xx) Section 8.38 of such Act (12 U.S.C. 2279bb– 
7) is repealed. 
SEC. 5502. CONFORMING REPEALS. 
(a) Sections 4, 5, 6, 7, 8, 14, and 15 of the Agricul-
tural Marketing Act (12 U.S.C. 1141b, 1141c, 1141d, 
1141e, 1141f, 1141i, and 1141j) are repealed. 
(b) The Act of June 22, 1939, (Chapter 239; 53 Stat. 
853; 12 U.S.C. 1141d–1) is repealed. 
(c) Section 201 of the Emergency Relief and Con-
struction Act of 1932 (12 U.S.C. 1148) is repealed. 
(d) Section 2 of the Act of July 14, 1953, (Chapter 
192; 67 Stat. 150; 12 U.S.C. 1148a–4) is repealed. 
(e) Sections 32 through 34 of the Farm Credit Act 
of 1937 (12 U.S.C. 1148b, 1148c, and 1148d) are re-
pealed. 
(f) Sections 1 through 4 of the Act of March 3, 1932, 
(12 U.S.C. 1401 through 1404) are repealed. 
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SEC. 5503. FACILITY HEADQUARTERS. 
Section 5.16 of the Farm Credit Act of 1971 (12 
U.S.C. 2251) is amended by striking all that precedes ‘‘to 
the rental of quarters’’ and inserting the following: 
‘‘SEC. 5.16. QUARTERS AND FACILITIES FOR THE FARM 
CREDIT ADMINISTRATION. 
‘‘(a) The Farm Credit Administration shall maintain 
its principal office within the Washington D.C.-Maryland- 
Virginia standard metropolitan statistical area, and such 
other offices within the United States as in its judgment 
are necessary. 
‘‘(b) As an alternate’’. 
SEC. 5504. SHARING PRIVILEGED AND CONFIDENTIAL IN-
FORMATION. 
Section 5.19 of the Farm Credit Act of 1971 (12 
U.S.C. 2254) is amended by adding at the end the fol-
lowing: 
‘‘(e) A System institution shall not be considered to 
have waived the confidentiality of a privileged communica-
tion with an attorney or accountant if the institution pro-
vides the content of the communication to the Farm Cred-
it Administration pursuant to the supervisory or regu-
latory authorities of the Farm Credit Administration.’’. 
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SEC. 5505. SCOPE OF JURISDICTION. 
Part C of title V of the Farm Credit Act of 1971 
(12 U.S.C. 2261–2274) is amended by inserting after sec-
tion 5.31 the following: 
‘‘SEC. 5.31A. SCOPE OF JURISDICTION. 
‘‘(a) For purposes of sections 5.25, 5.26, and 5.33, 
the jurisdiction of the Farm Credit Administration over 
parties, and the authority of the Farm Credit Administra-
tion to initiate actions, shall include enforcement authority 
over institution-affiliated parties. 
‘‘(b) The resignation, termination of employment or 
participation, or separation of an institution-affiliated 
party (including a separation caused by the merger, con-
solidation, conservatorship, or receivership of a System in-
stitution) shall not affect the jurisdiction and authority 
of the Farm Credit Administration to issue any notice or 
order and proceed under this part against any such party, 
if the notice or order is served before the end of the 6- 
year period beginning on the date the party ceased to be 
such a party with respect to the System institution 
(whether the date occurs before, on, or after the date of 
the enactment of this section).’’. 
SEC. 5506. DEFINITION. 
Section 5.35 of the Farm Credit Act of 1971 (12 
U.S.C. 2271) is amended— 
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(1) by striking ‘‘and’’ at the end of paragraph 
(3); and 
(2) by redesignating paragraph (4) as para-
graph (5) and inserting after paragraph (3) the fol-
lowing: 
‘‘(4) the term ‘institution-affiliated party’ 
means— 
‘‘(A) any director, officer, employee, share-
holder, or agent of a System institution; 
‘‘(B) any independent contractor (includ-
ing any attorney, appraiser, or accountant) who 
knowingly or recklessly participates in— 
‘‘(i) any violation of law (including 
regulations) that is associated with the op-
erations and activities of 1 or more institu-
tions; 
‘‘(ii) any breach of fiduciary duty; or 
‘‘(iii) any unsafe or unsound practice, 
which caused or is likely to cause more 
than a minimal financial loss to, or a sig-
nificant adverse effect on, a System insti-
tution; and 
‘‘(C) any other person, as determined by 
the Farm Credit Administration (by regulation 
or on a case-by-case basis) who participates in 
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the conduct of the affairs of a System institu-
tion; and’’. 
SEC. 5507. EXPANSION OF ACREAGE EXCEPTION TO LOAN 
AMOUNT LIMITATION. 
(a) IN GENERAL.—Section 8.8(c)(2) of the Farm 
Credit Act of 1971 (12 U.S.C. 2279aa–8(c)(2)) is amend-
ed by striking ‘‘1,000’’ and inserting ‘‘2,000’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall take effect 1 year after the date a re-
port submitted in accordance with section 5602 of this Act 
indicates that it is feasible to increase the acreage limita-
tion in section 8.8(c)(2) of the Farm Credit Act of 1971 
to 2,000 acres. 
SEC. 5508. COMPENSATION OF BANK DIRECTORS. 
Section 4.21 of the Farm Credit Act of 1971 (12 
U.S.C. 2209) is repealed. 
SEC. 5509. PROHIBITION ON USE OF FUNDS. 
Section 5.65 of the Farm Credit Act of 1971 (12 
U.S.C. 2277a–14) is amended by adding at the end the 
following: 
‘‘(e) PROHIBITION ON USES OF FUNDS RELATED TO 
FEDERAL AGRICULTURAL MORTGAGE CORPORATION.— 
No funds from administrative accounts or from the Farm 
Credit System Insurance Fund may be used by the Cor-
poration to provide assistance to the Federal Agricultural 
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Mortgage Corporation or to support any activities related 
to the Federal Agricultural Mortgage Corporation.’’. 
Subtitle F—Miscellaneous 
SEC. 5601. STATE AGRICULTURAL MEDIATION PROGRAMS. 
Section 506 of the Agricultural Credit Act of 1987 
(7 U.S.C. 5106) is amended by striking ‘‘2018’’and insert-
ing ‘‘2023’’. 
SEC. 5602. STUDY ON LOAN RISK. 
(a) STUDY.—The Farm Credit Administration shall 
conduct a study that— 
(1) analyzes and compares the financial risks 
inherent in loans made, held, securitized, or pur-
chased by Farm Credit banks, associations, and the 
Federal Agricultural Mortgage Corporation and how 
such risks are required to be capitalized under stat-
ute and regulations in effect as of the date of the 
enactment of this Act; and 
(2) assesses the feasibility of increasing the 
acreage exception provided in section 8.8(c)(2) of 
the Farm Credit Act of 1971 to 2,000 acres. 
(b) TIMELINE.—The Farm Credit Administration 
shall provide the results of the study required by sub-
section (a) to the Committee on Agriculture of the House 
of Representatives and the Committee on Agriculture, Nu-
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trition, and Forestry of the Senate no later than 180 days 
after the date of the enactment of this Act. 
SEC. 5603. GAO REPORT ON ABILITY OF THE FARM CREDIT 
SYSTEM TO MEET THE AGRICULTURAL CRED-
IT NEEDS OF INDIAN TRIBES AND THEIR 
MEMBERS. 
(a) IN GENERAL.—The Comptroller General of the 
United States shall— 
(1) study the agricultural credit needs of farms, 
ranches, and related agricultural businesses that are 
owned or operated by— 
(A) Indian tribes on tribal lands; or 
(B) enrolled members of Indian tribes on 
Indian allotments; and 
(2) determine whether the institutions of the 
Farm Credit System have sufficient authority and 
resources to meet the needs. 
(b) DEFINITION OF INDIAN TRIBE.—In subsection 
(a), the term ‘‘Indian tribe’’ means an Indian tribal entity 
that is eligible for funding and services from the Bureau 
of Indian Affairs by virtue of the status of the entity as 
an Indian tribe. 
(c) REPORT TO THE CONGRESS.—Within 90 days 
after the date of the enactment of this Act, the Comp-
troller General of the United States shall prepare and sub-
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mit to the Committees on Agriculture and on Natural Re-
sources of the House of Representatives a written report 
that contains the findings of the study conducted under 
subsection (a). If the Comptroller General finds that the 
institutions of the Farm Credit System do not have suffi-
cient authority or resources to meet the needs referred to 
in subsection (a), the report shall include such legislative 
and other recommendations as the Comptroller General 
determines would result in a system under which the needs 
are met in an equitable and effective manner. 
TITLE VI—RURAL INFRASTRUC-
TURE AND ECONOMIC DEVEL-
OPMENT 
Subtitle A—Improving Health 
Outcomes in Rural Communities 
SEC. 6001. PRIORITIZING PROJECTS TO MEET HEALTH CRI-
SES IN RURAL AMERICA. 
(a) TEMPORARY PRIORITIZATION OF RURAL HEALTH 
ASSISTANCE.—Title VI of the Rural Development Act of 
1972 (7 U.S.C. 2204a–2204b) is amended by adding at 
the end the following: 
‘‘SEC. 
608. 
TEMPORARY 
PRIORITIZATION 
OF 
RURAL 
HEALTH ASSISTANCE. 
‘‘(a) AUTHORITY TO PRIORITIZE CERTAIN RURAL 
HEALTH APPLICATIONS.—The Secretary, after consulta-
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tion with such public health officials as may be necessary, 
may announce a temporary reprioritization for certain 
rural development loan and grant applications to assist 
rural communities in responding to a specific health emer-
gency. 
‘‘(b) CONTENT
OF ANNOUNCEMENT.—In the an-
nouncement, the Secretary shall— 
‘‘(1) specify the nature of the emergency affect-
ing the health of rural Americans; 
‘‘(2) describe the actual and potential effects of 
the emergency on the rural United States; 
‘‘(3) identify the services and treatments which 
can be used to reduce those effects; and 
‘‘(4) publish the specific temporary changes 
needed to assist rural communities in responding to 
the emergency. 
‘‘(c) NOTICE.—Not later than 48 hours after making 
or extending an announcement under this section, the Sec-
retary shall submit to the Committee on Agriculture of 
the House of Representatives and the Committee on Agri-
culture, Nutrition, and Forestry of the Senate, and trans-
mit to the Secretary of Health and Human Services, a 
written notice of the declaration or extension. 
‘‘(d) EXTENSION.—The Secretary may extend an an-
nouncement under subsection (a) if the Secretary deter-
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mines that the emergency will continue after the declara-
tion would otherwise expire. 
‘‘(e) EXPIRATION.—An announcement under sub-
section (a) shall expire on the earlier of— 
‘‘(1) the date the Secretary determines that the 
emergency has ended; or 
‘‘(2) the end of the 360-day period beginning 
with the later of— 
‘‘(A) the date the announcement was 
made; or 
‘‘(B) the date the announcement was most 
recently extended.’’. 
(b) DISTANCE LEARNING
AND TELEMEDICINE.— 
Section 2333(c) of the Food, Agriculture, Conservation, 
and Trade Act of 1990 (7 U.S.C. 950aaa–2(c)) is amend-
ed by adding at the end the following: 
‘‘(5) 
PROCEDURE
DURING
TEMPORARY 
REPRIORITIZATIONS.— 
‘‘(A) IN
GENERAL.—While a temporary 
reprioritization announced under section 608 of 
the Rural Development Act of 1972 is in effect, 
the Secretary shall make available not less than 
10 percent of the amounts made available 
under section 2335A for financial assistance 
under this chapter, for telemedicine services to 
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