Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2252&num=0&edition=prelim
Timestamp: 2020-01-29 11:43:04
Document Index: 572841272

Matched Legal Cases: ['§ 2252', '§5', '§5', '§507', '§5', '§201', '§1036', '§207', '§417', '§414', '§418', '§415', '§424', '§802', '§417', '§409', '§205', '§409', '§901', '§1843', '§502', '§401', '§511', '§210', '§5407', '§4', '§5407', '§5411', '§5407', '§210', '§401', '§901', '§5407', '§4', '§5407', '§424', '§5404', '§212', '§313']

[USC02] 12 USC 2252: Powers and duties
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12 USC 2252: Powers and duties Text contains those laws in effect on January 28, 2020
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(8) Regulate the preparation by System institutions and the dissemination to stockholders and investors of information on the financial condition and operations of such institutions, except that the requirements of the Farm Credit Administration governing the dissemination to stockholders of quarterly reports of System institutions may not be more burdensome or costly than the requirements applicable to national banks, and the Farm Credit Administration may not require any System institution to disclose in any report to stockholders information concerning the condition or classification of a loan-
(A) to a director of the institution-
(B) to a member of the immediate family of a director of the institution unless-
(13)(A) Subject to subparagraph (B), the Farm Credit Administration may approve an amendment to the charter of any institution of the Farm Credit System operating under subchapter I or II, which would authorize the institution to exercise lending authority in any territory-
(B) The Farm Credit Administration may approve a charter amendment under subparagraph (A) only on the approval of-
(14)(A) Subject to subparagraph (B), the Farm Credit Administration may approve a request to charter an association of the Farm Credit System to operate under subchapter II where the proposed charter-
(B) The Farm Credit Administration may approve a charter request under subparagraph (A) only on the approval of-
(3) For the purposes of paragraphs (1) and (2) of this subsection-
( Pub. L. 92–181, title V, §5.17, formerly §5.18, Dec. 10, 1971, 85 Stat. 621 ; Pub. L. 96–592, title V, §§507, 508, Dec. 24, 1980, 94 Stat. 3449 ; renumbered §5.17 and amended Pub. L. 99–205, title II, §201(7), Dec. 23, 1985, 99 Stat. 1691 ; Pub. L. 99–509, title I, §1036, Oct. 21, 1986, 100 Stat. 1878 ; Pub. L. 100–233, title II, §207(a)(2), title IV, §417, formerly §414, §418(d), formerly §415(d), §§424(a), 431(e), title VIII, §§802(v), 805(z), Jan. 6, 1988, 101 Stat. 1607 , 1653, 1656, 1660, 1713, 1717, renumbered §§417, 418(d), Pub. L. 100–399, title IV, §409(a), Aug. 17, 1988, 102 Stat. 1003 ; Pub. L. 100–399, title II, §205, title IV, §409(e), title IX, §901(m), (n), Aug. 17, 1988, 102 Stat. 993 , 1003, 1008; Pub. L. 101–624, title XVIII, §1843(a)(1), Nov. 28, 1990, 104 Stat. 3836 ; Pub. L. 102–237, title V, §502(h), Dec. 13, 1991, 105 Stat. 1869 ; Pub. L. 102–552, title IV, §401(c), title V, §511, Oct. 28, 1992, 106 Stat. 4128 , 4132; Pub. L. 104–105, title II, §§210, 211, Feb. 10, 1996, 110 Stat. 174 ; Pub. L. 110–234, title V, §5407(b), (c)(1), May 22, 2008, 122 Stat. 1160 ; Pub. L. 110–246, §4(a), title V, §5407(b), (c)(1), June 18, 2008, 122 Stat. 1664 , 1921, 1922; Pub. L. 115–334, title V, §5411(29), Dec. 20, 2018, 132 Stat. 4682 .)
2018-Subsec. (a)(2). Pub. L. 115–334 struck out "In issuing charters and certificates of territory for district-wide mergers of associations where stockholders of one or more associations did not approve the merger, the charter of the new or merged association shall not include the territory of the disagreeing association or associations; charters issued during calendar year 1985 for district-wide new or merged associations which included the territory of a disagreeing association shall be revoked and reissued to exclude such territory, unless subsequently agreed to by the board of directors of such association or associations. The Farm Credit Administration Board shall ensure that disapproving associations (A) shall not be charged any assessment under this chapter at a rate higher than that charged other like associations in the district, and (B) shall be provided with financial services and assistance on the same basis as other like associations in the district (including, but not limited to, access to credit and rates of interest on loans and discounts) by a district Farm Credit bank to the association and its member-borrowers." after "institutions involved."
2008-Subsec. (a)(2). Pub. L. 110–246, §5407(c)(1), substituted "(2)" for "(2)(A)" and struck out pars. (B) and (C) which prohibited issuance or amendment of the charter of any institution of the Farm Credit System that would authorize the institution to exercise lending authority in a territory in which the charter of another such institution authorized the other institution to exercise like authority, unless specified approvals were obtained, and provided that such prohibition would apply only in geographic areas where, due to the failure of a merger, the Federal intermediate credit bank or its successor was chartered to provide short- and intermediate-term credit, and a neighboring Farm Credit Bank that was not the successor to the Federal intermediate credit bank was chartered to provide long-term credit, in the same geographic territory.
1996-Subsec. (a)(2)(A). Pub. L. 104–105, §210, struck out "or management agreements" after "consolidations of boards of directors" in first sentence.
1992-Subsec. (a)(2). Pub. L. 102–552, §401(c), designated existing provisions as subpar. (A) and added subpars. (B) and (C).
1991-Subsec. (a)(8)(B)(ii). Pub. L. 102–237 struck out second period at end.
1990-Subsec. (a)(13). Pub. L. 101–624 struck out par. (13) which read as follows: "Except for associations, approve the salary scale for employees of the institutions of the System, and approve the compensation of the chief executive officer of such institutions: Provided, That no salary scale or rate of compensation shall be approved under this provision unless determined by the Board to be fair and reasonable. The Board may not delegate its responsibilities under this paragraph."
1988-Subsec. (a)(1). Pub. L. 100–399, §901(m)(1), substituted "district banks" for "district boards".
1986-Subsec. (a)(5)(A). Pub. L. 99–509 struck out "and on loans made or discounted by such institutions" after "Farm Credit System institutions".
1985-Subsec. (a). Pub. L. 99–205 amended subsec. (a) generally, revising and reorganizing the enumerated powers of the Farm Credit Administration by substituting pars. (1) to (15) for former pars. (1) to (17).
1980-Pub. L. 96–592 designated existing provisions as subsec. (a), in par. (3) inserted provisions relating to summary and analysis of reports, and added subsecs. (b) and (c).
Pub. L. 110–234, title V, §5407(d), May 22, 2008, 122 Stat. 1161 , and Pub. L. 110–246, §4(a), title V, §5407(d), June 18, 2008, 122 Stat. 1664 , 1922, provided that: "The amendments made by this section [enacting section 2279c of this title and amending this section and provisions set out as notes under section 2011 of this title] take effect on January 1, 2010."
Pub. L. 100–233, title IV, §424(b), Jan. 6, 1988, 101 Stat. 1656 , provided that: "Within 30 days after the date of the enactment of this Act [Jan. 6, 1988], the Farm Credit Administration shall amend its regulations as necessary to implement the amendment made by subsection (a) [amending this section]."
Pub. L. 113–79, title V, §5404, Feb. 7, 2014, 128 Stat. 840 , provided that:
"(b) Implementation.-Not later than 60 days after the date of enactment of this Act [Feb. 7, 2014], the Farm Credit Administration shall review its rules to reflect Congressional intent that a primary responsibility of the boards of directors of Farm Credit System institutions, as elected representatives of their stockholders, is to oversee compensation practices."
Pub. L. 104–105, title II, §212, Feb. 10, 1996, 110 Stat. 174 , provided that:
"(b) Continuation of Regulatory Review.-The Farm Credit Administration shall continue the comprehensive review of regulations governing the Farm Credit System to identify and eliminate, consistent with law, safety, and soundness, all regulations that are unnecessary, unduly burdensome or costly, or not based on law."
Pub. L. 100–387, title III, §313(b), Aug. 11, 1988, 102 Stat. 950 , provided that: "It further is the sense of Congress that the Farm Credit Administration should in its oversight of Farm Credit System institutions, with respect to farmers and ranchers who suffer major losses due to drought, hail, excessive moisture, or related condition in 1988-
"(2) expedite the use of credit restructuring and other credit relief mechanisms authorized under the Agricultural Credit Act of 1987 [ Pub. L. 100–233, Jan. 6, 1988, 101 Stat. 1568 , see Tables for classification] and related provisions of law for such farmers and ranchers; and