PUBLIC LAW 102-552—OCT. 28, 1992 106 STAT. 4135

integrity of the Farm Credit System by making the information
available to potential investors;

(2) the reporting of potential conflicts of interest by direc-
tors, officers, and employees of institutions of the Farm Credit
System benefits the stockholders of the institutions, helps to
ensure the financial viability of the institutions, provides
information valuable to the Farm Credit Administration in
periodic examinations of the institutions, and therefore
enhances the safety and soundness of the Farm Credit System;
and

(3) the directors, officers, or employees of some Farm Credit
System institutions may not be subject to the regulations of
the Farm Credit Administration requiring the disclosure of
the financial information and the reporting of the potential
conflicts of interest.

(b) PURPOSE.—It is the purpose of this section to ensure that
the information reported by the directors, officers, and employees
of Farm Credit System institutions under regulations of the Farm
Credit Administration requiring the disclosure of financial informa-
tion and the reporting of potential conflicts of interest—

(1) provides the stockholders of all Farm Credit System
institutions with information to assist the stockholders in
making informed decisions regarding the operation of the
institutions;

(2) provides investors and potential investors with informa-
tion necessary to assist them hi making investment decisions
regarding Farm Credit System obligations or institutions; and

(3) provides the Farm Credit Administration with informa-
tion necessary to allow the Farm Credit Administration to
effectively and efficiently examine and regulate all Farm Credit
System institutions and thus enhance the safety and soundness
of the Farm Credit System.

(c) REVIEW.—Not later than 120 days after the date of enact-
ment of this Act, the Farm Credit Administration shall complete
a review of the current regulations of the Farm Credit Administra-
tion regarding the disclosure of financial information and the report-
ing of potential conflicts of interest by the directors, officers, and
employees of Farm Credit System institutions. Consistent with
the purpose of this section as provided in subsection (b), the review
shall address whether the regulations—

(1) are adequate to fulfill the purpose of this section and
such other purposes as the Farm Credit Administration deter-
mines to be consistent with the Farm Credit Act of 1971 (12
U.S.C. 2001 et seq.), and other applicable law, and to be other-
wise necessary or appropriate;

(2) currently require the disclosure of financial information
and the reporting of potential conflicts of interest by the direc-
tors, officers, ana employees of all Farm Credit System institu-
tions; and

(3) currently require the disclosure or reporting of the
information by all of the appropriate directors, officers, or
employees of Farm Credit System institutions.

(d) IMPLEMENTATION.—Not later than 360 days after the date Regulations.
of enactment of this Act, the Farm Credit Administration shall

amend its current financial disclosure and conflict of interest regula-
tions as the Administration determines necessary to carry out the
purpose of this section and to address any deficiencies in the regula-