What does Preamble of Farm Credit Adjustment Act do?

This bill concerns the Farm Credit Administration's examination cycle for low-risk Farm Credit System institutions. It would allow the Farm Credit Administration the option to examine these institutions under a 24-month cycle.

What does SHORT TITLE. of Farm Credit Adjustment Act do?

This bill is formally titled the Farm Credit Adjustment Act.

What does FARM CREDIT ADMINISTRATION OPTION TO EXAMINE LOW RISK FARM of Farm Credit Adjustment Act do?

This section amends Section 5.19(a) of the Farm Credit Act of 1971. The Farm Credit Administration (FCA) may extend the time period between mandatory examinations of institutions deemed low-risk to not more than 24 months. The FCA has sole discretion in determining which institutions qualify as low-risk and whether to extend the examination period. These amendments will take effect on October 1, 2026.

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Farm Credit Adjustment Act

Last updated: 6/2/2026 · Introduced: 6/2/2026

Author: John Cornyn (R-TX)

TL;DR (AI)

The bill allows the Farm Credit Administration to extend the examination cycle for low-risk Farm Credit System institutions to a maximum of 24 months.
The Farm Credit Administration retains the sole discretion to determine which institutions qualify as low-risk and whether to extend the examination period.
These changes will take effect on October 1, 2026.

119th Congressin committeeHR. 5010(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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