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12 U.S.C. § 2279bb–4

Enforcement levels

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 2279bb–4, Enforcement levels, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438354
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The Director shall classify the Corporation, for purposes of this part, according to the following enforcement levels: The Corporation shall be classified as within level I if the Corporation— The Corporation shall be classified as within level II if— the Corporation— The Corporation shall be classified as within level III if— the Corporation— The Corporation shall be classified as within level IV if the Corporation— If at any time the Director determines in writing (and provides written notification to the Corporation and the Farm Credit Administration) that the Corporation is taking any action not approved by the Director that could result in a rapid depletion of core capital or that the value of the property subject to mortgages securitized by the Corporation or property underlying securities guaranteed by the Corporation, has decreased significantly, the Director may classify the Corporation— The Director shall determine the classification of the Corporation for purposes of this part on not less than a quarterly basis (and as appropriate under subsection (b)). The first such determination shall be made for the quarter ending March 31, 1992. Upon determining under subsection (b) or (c) that the Corporation is within level II or III, the Director shall provide written notice to the Congress and to the Corporation—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.

  • Amended byPub. L. 102-237(H.R. 3029)1991-12-13
    Food, Agriculture, Conservation, and Trade Act Amendments of 1991
    House: 417–5Senate: no recorded tally
  • Amended byPub. L. 104-105(H.R. 2029)1996-02-10
    Farm Credit System Reform Act of 1996
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 115-334(H.R. 2)2018-12-20
    Agriculture Improvement Act of 2018
    House: 369–47Senate: 87–13