Farm Credit Administration Independence Bill
Official: Farm Credit Administration Independent Authority Act
This bill ensures that the Farm Credit Administration remains the sole regulator of the Farm Credit System and mandates the collection of demographic data from small farmers. This is important for understanding who is receiving loans and ensuring fair access to credit.
Safe Routes Act of 2025This bill directs the Department of Transportation to waive vehicle weight limits for covered logging vehicles, thus allowing logging vehicles to travel on interstate highways in certain circumstances. The term covered logging vehicle means a vehicle that (1) is transporting raw or unfinished forest products, including logs, pulpwood, biomass, or wood chips; (2) is traveling a distance of not more than 150 air miles on interstate highways from origin to a storage or processing facility; and (3) meets state legal weight tolerances and vehicle configurations for transporting raw or unfinished forest products within the state boundaries in which the vehicle is operating.
1. This bill confirms that the Farm Credit Administration is the only regulator of the Farm Credit System. 2. It requires lenders in the Farm Credit System to collect demographic data from small farmers. 3. Lenders must ask small farmers about their race, sex, and ethnicity when they apply for loans. 4. The Farm Credit Administration will publish this demographic information annually without revealing individual identities. 5. Farm Credit System institutions cannot report demographic information based on assumptions if a borrower chooses not to disclose.
Small farmers, ranchers, and producers applying for loans from the Farm Credit System.