Page:United States Statutes at Large Volume 110 Part 1.djvu/1130

 110 STAT. 1106 PUBLIC LAW 104-127—APR. 4, 1996 users of credit, local rural communities, and the Federal Government, including— (A) any added risk to the safety and soundness of the Farm Credit System that may result from approval of a proposal; and (B) any positive or adverse impacts on competition between the Farm Credit System and the banks of the United States in providing credit to rural users; (8) the nature and extent of the unsatisfied rural credit need that the Farm Credit System proposals are supposed to address and what aspects of the present Farm Credit System prevent the Farm Credit System from meeting the need; (9) the advantages and disadvantages of the proposal by commercial bankers to allow banks access to the Farm Credit System as a funding source on the Farm Credit System, the United States banking system, rural users of credit, local rural communities, and the Federal Government, including— (A) any added risk to the safety and soundness of the Farm Credit System that may result from approval of the proposal; and (B) any positive or adverse impacts on competition between the Farm Credit System and the banks of the United States in providing credit to rural users; and (10) problems that commercial banks have in obtaining capital for lending in rural areas, how access to Farm Credit System funds would improve the availability of capital in rural areas in ways that cannot be achieved in the system in existence on the date of enactment of this Act, and the possible effects on the viability of the Farm Credit System of granting banks access to Farm Credit System funds. (d) INTERAGENCY TASK FORCE.— In completing the study, the Secretary shall use, among other things, data and information obtained by the interagency task force on rural credit. Subtitle E—General Provisions SEC. 661. CONFORMING AMENDMENTS. (a) Section 307(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1927(a)) is amended— (1) in paragraph (4), by striking "304(b), 306(a)(1), and 310B" and inserting "306(a)(1) and 310B"; and (2) in paragraph (6)(B)— (A) by striking clauses (i), (ii), (iv), and (vii); (B) in clause (v), by adding "and" at the end; (C) in clause (vi), by striking ", and" at the end and inserting a period; and (D) by redesignating clauses (iii), (v), and (vi) as clauses (i), (ii), and (iii), respectively. (b) The second sentence of section 309(g)(1) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1929(g)(1)) is amended by striking "section 308,". (c) Section 309A of the Consolidated Farm and Rural Development Act (7 U.S.C. 1929a) is amended— (1) in the second sentence of subsection (a), by striking " 304(b), 306(a)(1), 306(a)(14), 310B, and 312(b)" and inserting " 3 06(a)(1), 306(a)(14), and 310B"; and

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