This report provides information about the farm credit system which provides financial cooperative lending to agricultural and aquatic producers, rural homeowners etc.

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The Clean Water Act Issues has again received attention in the 108th Congress. At issue is how the federal government will assist states and cities in meeting needs to rebuild, repair, and upgrade wastewater treatment plants, especially in light of capital costs which are projected to be as much as $390 billion over the next two decades. In October 2004, the Senate Environment and Public Works Committee reported legislation to authorize $20 billion in funding for clean water infrastructure (S. 2550), while in July 2003, a House Transportation and Infrastructure subcommittee also approved a water infrastructure financing bill (H.R. 1560). Still, prospects for further action during the 108th Congress are uncertain.

The 108th Congress has acted on a variety of disparate environmental measures; some of these represent proposals or issues that had been under consideration in the 107th Congress and earlier. Environmental issues considered by Congress tend to fall into several major categories: (1) funding issues — whether funding levels are adequate and focused on appropriate priorities; (2) expanding, renewing, or refocusing specific environment programs; (3) environmental issues that are important “subsets” of other major areas of concern, such as energy, defense, or transportation programs; and more recently, (4) terrorism and infrastructure protection in areas such as wastewater and chemical facilities.

Congress continues to consider legislative options to address wetlands loss in coastal Louisiana. Some legislative proposals would dedicate some federal revenues from offshore oil and gas development to restoration efforts. Other proposals would authorize specific restoration projects or activities, or further examination of the causes and effects of loss. These projects are neutralizing conditions that lead to loss at some sites, and are reestablishing some wetlands. These projects are expected to have many ecological, economic, and social benefits. A July 2004 U.S. Army Corps of Engineers report, a draft ecosystem restoration study, identifies more than 150 possible remedies.

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