H. R. 1063, titled the "Farm Credit Administration Independent Authority Act," is a bill that designates the Farm Credit Administration as the sole and independent regulator of the Farm Credit System. The bill mandates that Farm Credit System lenders collect demographic data, such as race,...
Simple Explanation
The bill says that a group called the Farm Credit Administration is in charge of keeping an eye on a special bank system, and it asks these banks to collect and share information about small farmers who ask for loans, like their race and gender, but makes sure their private details stay safe.