Sec. 2. Ineligibility of foreign persons for Farm Credit System institution financing
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Part G of title IV of the Farm Credit Act of 1971 ( 12 U.S.C. 2219 et seq. ) is amended by adding at the end the following: Effective beginning on January 1, 2024, except as provided in subsection (b), a foreign person (as defined in section 9 of the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3508 )) shall be ineligible for any credit or financial services provided by a Farm Credit System institution. The prohibition under subsection
(a)shall not apply to— any credit provided pursuant to a written loan agreement entered into prior to January 1, 2024, or any financial services related to such credit; any participation in a loan pursuant to section 1.5(12)(C), 2.2(13), or 3.1(11)(A) originated by a lender that is not a Farm Credit System institution; any participation in a loan to a similar entity pursuant to section 3.1(11)(B)(i) or 4.18A; any credit or financial services provided pursuant to section 3.7(b); any investment made by a Farm Credit System institution pursuant to section 1.5(15), 2.2(10), 3.1(13)(A), or 8.11; any note, bond, debenture, or other similar obligation issued by the Federal Farm Credit Banks Funding Corporation pursuant to this Act; or any security or obligation issued or guaranteed by the Federal Agricultural Mortgage Corporation pursuant to this Act. .
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Sec. 2
Ineligibility of foreign persons for Farm Credit System institution financing
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