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Chambliss urges swift approval of FCA nomineeU.S. Senator Saxby Chambliss, R-GA, ranking Republican member of the Senate Agriculture Committee, Sept. 24 urged other members of the Senate Agriculture Committee to approve the President's nomination of Dr. Mark Keenum to serve as a member of the board of directors for the Farm Credit Administration for a term expiring May 21, 2014. Keenum currently serves as the Under Secretary of Agriculture for Farm and Foreign Agricultural Services. "The Farm Credit Administration plays an important role in ensuring the delivery of safe, sound, and dependable credit and related services to rural America," said Sen. Chambliss. "The credit crisis affecting many financial institutions and national and international markets may challenge the Farm Credit Administration; however I believe the agency is up to any challenge the markets may throw its way today or in the future. Dr. Keenum has dedicated his life to agriculture and I am confident he will continue to focus the agency and the Farm Credit System on fulfilling its mission in a safe and sound manner. The FCA will be well served if Dr. Keenum is confirmed by the Senate and I urge my colleagues to support this nomination." The FCA was established as an independent agency to regulate the Farm Credit System, a nationwide financial cooperative that lends to agriculture and rural America. It is governed by a three-person board of directors, which are appointed by the President and confirmed by the Senate. The FCA Board approves the policies, regulations, charters, and enforcement activities that ensure a strong Farm Credit System. Keenum's nomination must now be approved by the Senate Agriculture Committee and full Senate before he can be confirmed to serve on the board. 10/6/08 Date: 9/30/08 Advertisement
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