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To allow the Farm Credit Administration the option to examine low-risk Farm Credit System institutions under a 24-month cycle.
Summary
This bill amends the Farm Credit Act of 1971 to allow the Farm Credit Administration the discretion to extend the time period between mandatory examinations of Farm Credit System institutions deemed to be low-risk. Under the amendment, the Farm Credit Administration may extend examinations of these low-risk institutions to not more than 24 months instead of a shorter examination cycle. The amendment becomes effective on October 1, 2026.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
12 cosponsors
- Rep. Bishop, Sanford D. [D-GA-2] (D-GA)
- Rep. Comer, James [R-KY-1] (R-KY)
- Rep. Fallon, Pat [R-TX-4] (R-TX)
- Rep. Figures, Shomari [D-AL-2] (D-AL)
- Rep. Gray, Adam [D-CA-13] (D-CA)
- Rep. Jackson, Ronny [R-TX-13] (R-TX)
- Rep. McClain Delaney, April [D-MD-6] (D-MD)
- Rep. McClellan, Jennifer L. [D-VA-4] (D-VA)
- Rep. McGuire, John J. [R-VA-5] (R-VA)
- Rep. Moore, Barry [R-AL-1] (R-AL)
- Rep. Pfluger, August [R-TX-11] (R-TX)
- Rescom. Hernández, Pablo Jose [D-PR-At Large] (D-PR)
Actions (3)
- Jan 13, 2026 Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. · house
- Aug 19, 2025 Referred to the House Committee on Agriculture. · house
- Aug 19, 2025 Introduced in House
Similar bills (6)
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Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
August 19, 2025
Mr. Vindman (for himself and Mr. Fallon) introduced the following bill; which was referred to the Committee on Agriculture
A BILL
To allow the Farm Credit Administration the option to examine low-risk Farm Credit System institutions under a 24-month cycle.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Farm Credit Adjustment Act”.
SEC. 2. FARM CREDIT ADMINISTRATION OPTION TO EXAMINE LOW RISK FARM CREDIT SYSTEM INSTITUTIONS ON A 24-MONTH CYCLE.
(a) In General.—Section 5.19(a) of the Farm Credit Act of 1971 (12 U.S.C. 2254(a)) is amended in the 1st sentence—
(1) by striking “in no event” and inserting “not”; and
(2) by inserting “, except that the Farm Credit Administration, in its sole discretion, may extend the time period between mandatory examinations of institutions deemed by the Farm Credit Administration to be low-risk institutions to not more than 24 months” before the period.
(b) Effective Date.—The amendments made by subsection (a) shall take effect on October 1, 2026. <all>
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