Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Jurisdictional spat lingers over Farm Credit Lending
WASHINGTON (1/17/08)—Jurisdictional feuding in Congress over possibly expanding the Farm Credit System’s lending authority continued this week in advance of a House-Senate conference on the 2007 farm bill. House Financial Services Committee Chairman Barney Frank (D-Mass.) and Ranking Member Spencer Bachus (R-Ala.), along with Senate Banking, Housing, and Urban Affairs Committee Chairman Christopher Dodd (D-Conn.) and Ranking Member Richard Shelby (R-Ala.), sent a letter Tuesday to House Agriculture Committee Chairman Collin Peterson (D-Minn.), Ranking Member Bob Goodlatte (R-Va.), Senate Agriculture, Nutrition and Forestry Committee Chairman Tom Harkin (D-Iowa), and Ranking Member Saxby Chambliss (R-Ga.). The letter acknowledged House and Senate rules provide the House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition and Forestry, respectively, with jurisdiction over farm credit matters. “However, jurisdiction over credit more generally is within the jurisdiction of the House Committee on Financial Services and the Senate Committee on Banking, Housing and Urban Affairs,” wrote the banking committees’ leaders. Neither House nor Senate farm bills currently contain proposals to expand the Farm Credit System’s lending authority, acknowledged the lawmakers, who reminded their colleagues of jurisdictional boundaries. “If you are pressed to consider such proposals during conference, however, we urge you to consult with the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs prior to taking any such action,” they wrote.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
13 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
13 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
16 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
17 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
18 hours ago