Cryptocurrency Q&A
Does the Commodity Credit Corp still exist?
Does the Commodity Credit Corp still exist?
Chiara
Fri Nov 22 2024
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7 answers
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The Commodity Credit Corporation, established with an initial fund of $300 million and later increased to $1 billion, has been a permanent establishment of the U.S. Department of Agriculture since 1948. Its main purpose is to provide agricultural loans to farmers, with a maximum borrowing capacity of $14.5 billion. The corporation is managed by a board of directors appointed by the President and has a consulting committee. Therefore, in answer to the question, the Commodity Credit Corporation still exists as a federally funded enterprise within the U.S. Department of Agriculture, focusing on agricultural loan services.
7 answers
BlockchainBaronessGuard
Sat Nov 23 2024
The corporation also aims to support the agricultural sector.
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KimonoSerenity
Sat Nov 23 2024
The Commodity Credit Corporation holds a unique status in the United States government.
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ZenMindfulness
Sat Nov 23 2024
Its existence and operations are federally chartered.
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GyeongjuGlorious
Sat Nov 23 2024
It is a corporation that is wholly owned by the federal government.
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WhisperWindLight
Sat Nov 23 2024
Specifically, the CCC Charter Act of 1948 (P.L. 80-806) outlines its legal framework.
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