WHAT THE LAW DOINCongress, in plain words

The law › Title 7, Agriculture › Chapter 50

7 U.S.C. 1929: Agricultural Credit Insurance Fund

Created in 1961 by Public Law 87-128. Changed by 11 later laws. No bill we track in this Congress changes it.

10 other sections of the Code cite this one, including 7 U.S.C. 1929a, 7 U.S.C. 1983a, 7 U.S.C. 1991, 7 U.S.C. 1994, 7 U.S.C. 1999.

This Congress

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

    How it got here

    2002

    • Pub. L. 107–171, §5003(1), substituted "paragraphs (5), (6), and (7)" for "paragraphs (5) and (6)". (Farm Security and Rural Investment Act of 2002) Law text · (h)
    • Pub. L. 107–171, §5003(2), added par. (7). (Farm Security and Rural Investment Act of 2002) Law text · (h)
    • Pub. L. 107–171, §5004, added subsec. (j). (Farm Security and Rural Investment Act of 2002) Law text · (j)

    1996

    • Pub. L. 104–127, §744, redesignated pars. (2) to (6) as (1) to (5), respectively, and struck out former par. (1) which read as follows: "to make loans which could be insured under this subchapter whenever the Secretary has reasonable assurance that they can be sold without undue delay,… (Federal Agriculture Improvement and Reform Act of 1996) Law text · (f)
    • Pub. L. 104–127, §749(b)(1), inserted "(before the amendment made by section 749(a)(1) of the Federal Agriculture Improvement and Reform Act of 1996)" after "section 1988(c) of this title". (Federal Agriculture Improvement and Reform Act of 1996) Law text · (g)
    • Pub. L. 104–127, §661(b), struck out "section 1928," after "provisions of this section,". (Federal Agriculture Improvement and Reform Act of 1996) Law text · (g)
    • Pub. L. 104–127, §606, added pars. (4) to (6). (Federal Agriculture Improvement and Reform Act of 1996) Law text · (h)

    1992

    • Pub. L. 102–554, §4, designated existing provisions as par. (1) and added pars. (2) and (3). · (h)
    • Pub. L. 102–554, §5(a), added subsec. (i). · (i)

    1990

    • Pub. L. 101–624 inserted "and the Rural Development Administration, in proportion to such charges collected in connection with the insurance of loans by such agency" and substituted "expenses for such agency" for "expenses". · (e)

    1978

    • Pub. L. 95–334 in par. (1) struck out provisions limiting amount of loans outstanding at any one time, and added par. (6). · (f), (6)

    1977

    • Pub. L. 95–113 substituted "any deferred or defaulted installment" for "any defaulted installment". · (f)

    1972

    • Pub. L. 92–419, §115(a)(1), substituted "$500,000,000" for "$100,000,000". · (f)
    • Pub. L. 92–419, §115(a)(2), substituted "amounts" for "the interest" and "payments" for "prepayments" in three places and inserted "or until the next agreed annual or semi-annual remittance date" after "until due". · (f)
    • Pub. L. 92–419, §115(a)(3), (4), substituted "connection with insured loans, including the difference between interest payable to borrowers and interest to which insured lenders or insured holders are entitled under agreements with the Secretary included in contracts of insurance" f… · (f)
    • Pub. L. 92–419, §115(b), added subsecs. (g) and (h). · (g), (h)

    1968

    • Pub. L. 90–488 increased from $50,000,000 to $100,000,000 the aggregate amount of loans to be sold and insured and undisposed of at any one time. · (f)

    1966

    • Pub. L. 89–633 substituted "until due" for "until the due date of the annual installment". · (f)

    1965

    • Pub. L. 89–240, §2(b), substituted "all or a portion, not to exceed one-half of 1 per centum of the unpaid principal balance of the loan of any charge collected in connection with the insurance of loans; and any remainder of any such charge" for "such portion of the charge collected in… · (e)
    • Pub. L. 89–240, §2(c), substituted "$50,000,000" for "$25,000,000". · (f)

    1962

    • Pub. L. 87–703 increased from $10,000,000 to $25,000,000 the aggregate amount of loans to be sold and insured and undisposed of at any one time. · (f)

    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.