In general
Any approvals granted by the Farm Credit Administration before , shall remain in effect on and after such date.
Authority to issue regulations
In general
Any approval authority of the Farm Credit Administration that, under the amendments made by section 802 of the Agricultural Credit Act of 1987, became an authority to issue regulations may be exercised only until the earlier of the date the Farm Credit Administration issues final regulations under such authority, or 1 year after .
Enforcement actions
At the close of the 1-year period referred to in paragraph (1), the Farm Credit Administration shall not take any enforcement action against any System institution with respect to any provision so amended, until the Farm Credit Administration issues final regulations under such provision.
Effect of section
section 2252(a)(5) of this titleThis section shall not affect the authority of the Farm Credit Administration to exercise any other approval authority either on a case-by-case basis or through regulation, as provided in .
Pub. L. 92–181, title V, § 5Pub. L. 100–233, title VIII, § 802(w)101 Stat. 1713(.45, as added , , .)
Editorial Notes
References in Text
section 802 of Pub. L. 100–233101 Stat. 1710section 2275a of this titleThe amendments made by section 802 of the Agricultural Credit Act of 1987, referred to in subsec. (b)(1), are the amendments made by , title VIII, , , which enacted and amended sections 2011 to 2013, 2017, 2031, 2051, 2052, 2071 to 2073, 2077, 2091, 2121, 2122, 2124, 2126, 2130, 2132, 2212, 2213, 2223, and 2252 of this title. For complete classification of section 802 to the Code, see Tables.