7 U.S.C. § 1921: Congressional findings

The Congress finds that the statutory authority of the Secretary of Agriculture, hereinafter referred to in this chapter as the “Secretary,” for making and insuring loans to farmers and ranchers should be revised and consolidated to provide for more effective credit services to farmers. only officers and employees of the Department of Agriculture who are adequately prepared to understand the particular needs and problems of farmers in an area are assigned to such area; and a high priority is placed on keeping existing farm operations operating.” Reference to any provisions of the Bankhead-Jones Farm Tenant Act [see section 1000 of this title ] or the Act of August 28, 1937 ( 50 Stat. 869 ), as amended, superseded by any provision of this title [this chapter] shall be construed as referring to the appropriate provision of this title [this chapter]. Titles I, II, and IV of the Bankhead-Jones Farm Tenant Act, as amended, and the Act of August 28, 1937 ( 50 Stat. 869 ), as amended, the Act of April 6, 1949 ( 63 Stat. 43 ), as amended, and the Act of August 31, 1954 ( 68 Stat. 999 ), as amended, are hereby repealed effective one hundred and twenty days after enactment hereof [ Aug. 8, 1961 ], or such earlier date as the provisions of this title [this chapter] are made effective by the Secretary’s regulations except that the repeal of section 2(c) of the Act of April 6, 1949 , shall not be effective prior to January 1, 1962 . The foregoing provisions shall not have the effect of repealing the amendments to section 24, chapter 6 of the Federal Reserve Act [ section 371 of Title 12 ], as amended, section 5200 of the Revised Statutes [ section 84 of Title 12 ], section 35 of chapter III of the Act approved June 19, 1934 (D.C. Code, title 35, section 535), enacted by section 15 of the Bankhead-Jones Farm Tenant Act, as amended, and by section 10(f) of the Act of August 28, 1937 ( 50 Stat. 869 ), as amended. affect the validity of any action taken or obligation entered into pursuant to the authority of any of said Acts, or prejudice the application of any person with respect to receiving assistance under the provisions of this title [this chapter], solely because such person is obligated to the Secretary under authorization contained in any such repealed provision. If any provision of this title [this chapter] or the application thereof to any person or circumstances is held invalid, the remainder of the title [this chapter] and the application of such provision to other persons or circumstances shall not be affected thereby.”