1、 https:/crsreports.congress.gov Updated April 13, 2022Farm Credit Administration and Its Board MembersOverview Congress oversees the Farm Credit Administration (FCA), which is the federal financial regulator responsible for ensuring the safety and soundness of Farm Credit System (FCS) institutions a
2、nd the Federal Agricultural Mortgage Corporation (Farmer Mac). FCA is directed by a three-member board of directors nominated by the President and confirmed by the Senate (12 U.S.C. 2242). One board member position is vacant, one member is serving in an expired term, and one members term will expire
3、 soon. Congressional oversight is provided by the House and Senate Agriculture Committees. The most recent authorizing committee hearings on FCS were in the Senate on May 19, 2016, and in the House on November 19, 2019 (with FCA witnesses). The Senate Agriculture Committee most recently held a nomin
4、ation hearing for a board member in November 2017. This In Focus summarizes FCA and FCS and provides context for current and past terms of FCA board members. Farm Credit Administration FCA sets the policies, regulations, charters, and examinations of FCS and Farmer Mac. This includes compliance with
