WHAT THE LAW DOINCongress, in plain words

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

12 U.S.C. 2128: Loans, commitments, and technical and financial assistance

Created in 1971 by Public Law 92-181. Changed by 7 later laws. 1 bill in this Congress would change it.

3 other sections of the Code cite this one, including 12 U.S.C. 2122, 12 U.S.C. 2129, 12 U.S.C. 2252.

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 (b), (f)

How it got here

2018

  • Pub. L. 115–334 struck out "Such regulations may include provisions for avoiding duplication between the Central Bank and district banks for cooperatives." before "Each bank may own". (Agriculture Improvement Act of 2018) Law text · (a)

2002

  • Pub. L. 107–171, §5402(1), substituted "agricultural supplies" for "farm supplies". (Farm Security and Rural Investment Act of 2002) Law text · (b), (2)
  • Pub. L. 107–171, §5402(2), added par. (4). (Farm Security and Rural Investment Act of 2002) Law text · (b)

1994

  • Pub. L. 103–376, §3(A), substituted "assistance to" for "assistance to (A)", "bank for the import" for "bank for the export or import", and "if the bank for cooperatives" for "and (B) a domestic or foreign party in which such an association has at least the minimum ownership interes… · (b)
  • Pub. L. 103–376, §3(B), added par. (2) and struck out former par. (2) which read as follows: "A bank for cooperatives is authorized to make or participate in loans and commitments, and to extend other technical and financial assistance, to any domestic or foreign entity that is elig… · (b)

1992

  • Pub. L. 102–552, §504, inserted "at any time (whether or not they have a loan from the bank outstanding)" after "assistance" in first sentence. · (a)
  • Pub. L. 102–552, §505, in introductory provisions, substituted "installing, maintaining, expanding, improving, or operating" for "the installation, expansion, or improvement of" and "extending" for "to extend". · (f)

1991

  • Pub. L. 102–237 designated existing provisions as par. (1), redesignated cl. (1) as (A) and inserted "or products thereof" after "commodities", redesignated cl. (2) as (B) and substituted "subparagraph (A)" for "clause (1) of this subsection", and added pars. (2) and (3). · (b)

1990

  • Pub. L. 101–624 added subsec. (f). · (f)

1980

  • Pub. L. 96–592 designated existing provisions as subsec. (a), inserted provisions relating to currency exchanges and provisions relating to loans, etc., to domestic parties, and added subsecs. (b) to (e).

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.