WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 23

12 U.S.C. 2019: Purposes for extensions of credit

Created in 1988 by Public Law 92-181. Changed by 3 later laws. 1 bill in this Congress would change it.

7 parts of federal rules cite it as their authority, written by Farm Credit Administration (7).

This Congress

  • S. 5526 Agricultural Act of 2026 · reported by committee · would change (c)

How it got here

1991

  • Pub. L. 102–237 made technical amendments to headings of subsec. (a) and pars. (1) and (2). · (a)

1990

  • Pub. L. 101–624 designated existing provisions as par. (1), inserted heading, substituted "some portion" for "at least 20 percent, or such larger percent as may be required by the board of directors of the bank under regulations of the Farm Credit Administration,", and added par. (2). · (a)

1988

  • Pub. L. 100–399 substituted "this subchapter or subchapter II, equipment or facilities" for "this subchapter, facilities". · (c)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.