PARTICIPATION OF FEDERAL AGENCIES.

SEC. 503. PARTICIPATION OF FEDERAL AGENCIES. (a) Duties of the Secretary of Agriculture.— (1) In general.— The Secretary, with respect to each program under the jurisdiction of the Secretary that makes, guarantees, or insures agricultural loans— (A) shall prescribe rules requiring each such program to participate in good faith in any State agricultural loan mediation program; (B) shall, on the date of the enactment of this Act, participate in agricultural loan mediation programs; and (C) shall— (i) cooperate in good faith with requests for information or analysis of information made in the course of 101 STAT. 1664mediation under any agricultural loan mediation program described in section 501; and (ii) present and explore debt restructuring proposals advanced in the course of such mediation. (2) Nonbinding on Secretary.— The Secretary shall not be bound by any determination made in a program described in paragraph (1) if the Secretary has not agreed to such determination. (b) Duties of the Farm Credit Administration.— The Farm Credit Administration shall prescribe rules requiring the institutions of the Farm Credit System— (1) to cooperate in good faith with requests for information or analysis of information made in the course of mediation under any agricultural loan mediation program described in section 501; and (2) to present and explore debt restructuring proposals advanced in the course of such mediation.