QUALIFICATIONS OF FARM CREDIT ADMINISTRATION BOARD MEMBERS.

SEC. 102. QUALIFICATIONS OF FARM CREDIT ADMINISTRATION BOARD MEMBERS. Section 5.8 (12 U.S.C. 2242) is amended by adding at the end the following new subsection: “(e) The President shall appoint members of the Board who— “(1) are experienced or knowledgeable in agricultural economics and financial reporting and disclosure; “(2) are experienced or knowledgeable in the regulation of financial entities; or “(3) have a strong financial, legal, or regulatory background.”.