A bill to permit to become effective certain Farm Credit Administration regulations which expand the authority of financing institutions, other than Farm Credit System institutions, to borrow from and discount with Federal intermediate credit banks.
Public Law 97-111 · S. 1948 · 97th Congress · began in the Senate
Signed by Ronald Reagan (R) on Dec 26, 1981 · Finance and Financial Sector
Sponsor: Sen. Jesse Helms (R-NC)
Cosponsors (1): Sen. Dee Huddleston
Passage votes
- HouseVoice vote
- SenateVoice vote
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Permits certain Farm Credit Administration regulations which expand the authority of financing institutions, other than farm credit system institutions, to borrow from and discount with Federal intermediate credit banks to become effective on the date of enactment of this Act.
Declares that such provision shall not be deemed an expression of congressional approval of such regulations and the amendment thereto.
Committees
The record shows no committee referral for this bill.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 7 actions.
- Dec 26, 1981Became lawBecame law · Became Public Law No: 97-111.
- Became lawBecame law · Signed by President.
- Dec 16, 1981PresidentPresident · Presented to President.
- Dec 14, 1981FloorFloor · Passed House by Voice Vote.
- FloorFloor · Called up by House by Unanimous Consent.
- Dec 11, 1981FloorFloor · Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.