A resolution congratulating the Farm Credit System on the celebration of its 100th anniversary.

Bill: 114-sres-349
Sponsor: full_name: Sen. Roberts, Pat [R-KS]
Introduced: 2016-01-28
Policy area: Agriculture and Food
Subjects: Agricultural prices, subsidies, credit

Commemorative events and holidays

Congressional tributes

Government corporations and government-sponsored enterprises
Latest action: action_date: 2016-07-14
text: Resolution agreed to in Senate without amendment and with a preamble by Unanimous Consent.

Summaries:
action_date: 2016-01-28
action_desc: Introduced in Senate
text: <p>Congratulates the Farm Credit System (FCS) on its 100th anniversary and commends the service of the cooperative owners and employees of the FCS in helping to meet the credit and financial services needs of rural communities and agriculture. </p> <p>(The FCS is a network of borrower-owned lending institutions that operates as a government-sponsored enterprise to provide credit and other services to agricultural producers and farmer-owned agricultural and aquatic cooperatives. It also makes loans for agricultural processing and marketing activities, rural housing, farm-related businesses, rural utilities, and companies involved in international agricultural trade.)</p>

action_date: 2016-07-14
action_desc: Passed Senate without amendment
text: <p>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</p> <p>Congratulates the Farm Credit System (FCS) on its 100th anniversary and commends the service of the cooperative owners and employees of the FCS in helping to meet the credit and financial services needs of rural communities and agriculture. </p> <p>(The FCS is a network of borrower-owned lending institutions that operates as a government-sponsored enterprise to provide credit and other services to agricultural producers and farmer-owned agricultural and aquatic cooperatives. It also makes loans for agricultural processing and marketing activities, rural housing, farm-related businesses, rural utilities, and companies involved in international agricultural trade.)</p>

tv_txt: III 114th CONGRESS 2d Session S. RES. 349 IN THE SENATE OF THE UNITED STATES January 28, 2016 Mr. Roberts (for himself, Ms. Stabenow , Mr. Tillis , Mrs. Ernst , Mr. Cochran , Mr. Bennet , Ms. Heitkamp , Mr. Casey , and Mr. Grassley ) submitted the following resolution; which was referred to the Committee on Agriculture, Nutrition, and Forestry RESOLUTION Congratulating the Farm Credit System on the celebration of its 100th anniversary.

Whereas on July 17, 1916, President Woodrow Wilson signed into law the Federal Farm Loan Act (39 Stat. 360, chapter 245), which established the Farm Credit System; Whereas through the enactment of the Farm Credit Act of 1971 ( 12 U.S.C. 2001 et seq. ), Congress— (1) directed that the Farm Credit System be designed as a permanent system to support the well-being and prosperity of rural communities and agricultural producers of all types and sizes in the United States; and (2) recognized that a prosperous, productive agricultural sector is essential to a free country; Whereas Congress designed the Farm Credit System as a network of independently owned cooperatives that are— (1) controlled by borrowers; and (2) responsive to the individual needs of borrowers for credit and financial services; Whereas the Farm Credit System plays an important role in the success of United States agriculture and economic vibrancy of rural communities in all 50 States and Puerto Rico; Whereas the Farm Credit System actively supports the next generation of agricultural producers— (1) by annually providing billions of dollars for loans to young and beginning farmers and ranchers; and (2) through ongoing financial support for organizations such as 4–H and the Future Farmers of America; and Whereas Congress has provided for— (1) the appropriate safety and soundness oversight of the Farm Credit System through the Farm Credit Administration, an independent Federal agency, the operating costs of which are funded by the Farm Credit System; and (2) the protection of investors in Farm Credit System bonds through the Farm Credit System Insurance Corporation, funded by premiums paid by the Farm Credit System: Now, therefore, be it

That the Senate— (1) congratulates the Farm Credit System on the celebration of the 100th anniversary of its founding; and (2) commends the continued service of cooperative owners and employees of the Farm Credit System to help meet the credit and financial services needs of rural communities and agriculture.

tv_txt: III 114th CONGRESS 2d Session S. RES. 349 IN THE SENATE OF THE UNITED STATES January 28, 2016 Mr. Roberts (for himself, Ms. Stabenow , Mr. Tillis , Mrs. Ernst , Mr. Cochran , Mr. Bennet , Ms. Heitkamp , Mr. Casey , Mr. Grassley , Ms. Collins , Mr. Wicker , Mr. Vitter , Mr. Boozman , Mr. Cassidy , Mr. Brown , Mr. Franken , Mr. Manchin , Mr. Rounds , Mr. Enzi , Mr. Leahy , Mr. Perdue , Mr. Blunt , Mr. Isakson , Mr. Moran , Mr. Gardner , Mr. Inhofe , Mr. Carper , Mrs. Fischer , Mr. Peters , Ms. Baldwin , Mr. King , Ms. Klobuchar , Mrs. Shaheen , Mr. Barrasso , Mrs. Feinstein , Mrs. Capito , Mr. Murphy , Mr. Hoeven , Ms. Mikulski , Mr. Warner , Mr. Coons , Mr. Donnelly , Mr. Kaine , Mr. Merkley , Mr. Shelby , Mr. Sessions , Mr. Burr , Mr. Blumenthal , Mr. Cardin , Mr. Thune , Ms. Ayotte , Mr. Rubio , Mr. McConnell , Mr. Daines , Mr. Nelson , Mrs. Boxer , Mr. Markey , Mr. Crapo , and Mr. Schumer ) submitted the following resolution; which was referred to the Committee on Agriculture, Nutrition, and Forestry July 14, 2016 Committee discharged; considered and agreed to RESOLUTION Congratulating the Farm Credit System on the celebration of its 100th anniversary.

Whereas on July 17, 1916, President Woodrow Wilson signed into law the Federal Farm Loan Act (39 Stat. 360, chapter 245), which established the Farm Credit System; Whereas through the enactment of the Farm Credit Act of 1971 ( 12 U.S.C. 2001 et seq. ), Congress— (1) directed that the Farm Credit System be designed as a permanent system to support the well-being and prosperity of rural communities and agricultural producers of all types and sizes in the United States; and (2) recognized that a prosperous, productive agricultural sector is essential to a free country; Whereas Congress designed the Farm Credit System as a network of independently owned cooperatives that are— (1) controlled by borrowers; and (2) responsive to the individual needs of borrowers for credit and financial services; Whereas the Farm Credit System plays an important role in the success of United States agriculture and economic vibrancy of rural communities in all 50 States and Puerto Rico; Whereas the Farm Credit System actively supports the next generation of agricultural producers— (1) by annually providing billions of dollars for loans to young and beginning farmers and ranchers; and (2) through ongoing financial support for organizations such as 4–H and the Future Farmers of America; and Whereas Congress has provided for— (1) the appropriate safety and soundness oversight of the Farm Credit System through the Farm Credit Administration, an independent Federal agency, the operating costs of which are funded by the Farm Credit System; and (2) the protection of investors in Farm Credit System bonds through the Farm Credit System Insurance Corporation, funded by premiums paid by the Farm Credit System: Now, therefore, be it

That the Senate— (1) congratulates the Farm Credit System on the celebration of the 100th anniversary of its founding; and (2) commends the continued service of cooperative owners and employees of the Farm Credit System to help meet the credit and financial services needs of rural communities and agriculture.