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The law › Title 7, Agriculture › Chapter 36

7 U.S.C. 1505: Management of Corporation

Created in 1980 by Public Law 96-365. Changed by 4 later laws. No bill we track in this Congress changes it.

3 other sections of the Code cite this one, including 7 U.S.C. 1502, 7 U.S.C. 1516, 7 U.S.C. 1522.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2008

    • Pub. L. 110–246, §12033(c)(2)(B), substituted "this subchapter" for "this chapter". (Food, Conservation, and Energy Act of 2008) Law text · (e), (4)

    2000

    • Pub. L. 106–224, §142(a)(1), inserted section catchline. (Agricultural Risk Protection Act of 2000) Law text
    • Pub. L. 106–224, §142(a)(1), added heading and text of subsec. (a) and struck out former subsec. (a) which read as follows: "The management of the Corporation shall be vested in a Board subject to the general supervision of the Secretary. The Board shall consist of the manager of the C… (Agricultural Risk Protection Act of 2000) Law text · (a)
    • Pub. L. 106–224, §142(b), added subsec. (e). (Agricultural Risk Protection Act of 2000) Law text · (e)

    1994

    • Pub. L. 103–354, §102(b)(3), (4)(A), (C), in first sentence struck out "of Directors (hereinafter called the 'Board')" after "Board" and "of Agriculture" after "Secretary". · (a)
    • Pub. L. 103–354, §103, in second sentence struck out "or Assistant Secretary" after "Corporation, the Under Secretary" and substituted "one additional Under Secretary of Agriculture (as designated by the Secretary of Agriculture)" for "the Under Secretary or Assistant Secretary of Agriculture respo… · (a)
    • Pub. L. 103–354, §115(a)(1), substituted "The Board shall be appointed by, and hold office at the pleasure of, the Secretary. The Secretary shall not be a member of the Board." for former third sentence which read as follows: "The Board shall be appointed by, and hold office at the pleasure of the … · (a)
    • Pub. L. 103–354, §102(b)(4)(C), in third sentence struck out "of Agriculture" before ", who shall not". · (a)
    • Pub. L. 103–354, §102(b)(4)(B), (C), struck out "of Agriculture" after "Department" in first sentence and after "Secretary" in second sentence. · (c)
    • Pub. L. 103–354, §§102(b)(4)(C), 115(a)(2), in first sentence struck out "upon him" before "by the Board", and in second sentence substituted "The manager shall" for "He shall" and struck out "of Agriculture" after "Secretary". · (d)

    1980

    • Pub. L. 96–365, §102(a), increased Board membership to seven from five persons; substituted provisions including on the Board the Under Secretaries or Assistant Secretaries of Agriculture for crop insurance and farm credit programs and one person experienced in crop insurance business … · (a)
    • Pub. L. 96–365, §102(b), substituted "four" for "three" in two places. · (b)
    • Pub. L. 96–365, §102(c), substituted as limitation on compensation of Directors of the Corporation not employed by the Federal Government the daily equivalent of rate prescribed for grade GS–18 under section 5332 of title 5 when actually employed, and actual necessary traveling and sub… · (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.