Pub. 6 2016-2017 Issue 2

The FCS must be realigned with its original intention: supporting young, beginning and small farmers. Confine the FCS tax exemption to loans for young, beginning and small farmers and regulate the FCS like all other financial institutions. Visit www.coloradobankers.org for a copy of the full report. Lots of money, with little regulation. Limited regulation includes: exemption from the Dodd-Frank Act and the Community Reinvestment Act; exempt from laws governing the issuance of debt securities; and FCS’ regulator, the Farm Credit Administration (FCA), is not enforcing Congressionally imposed limitations on who the FCS can lend to and for what purpose. Colorado Bankers Association P 303.825.1575 info@coloradobankers.org BIG MONEY LITTLE REGULATION FARMERS FLEECED ACT NOW! $103.6B Why should these monies be providing luxury estates for the wealthy, faux farms and loans to Verizon? Let’s keep these funds available for our state’s hardest working families. O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S September • October 2016   continued on page 15