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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
- Allows the Farm Credit Administration to examine low-risk Farm Credit System institutions on a 24-month examination cycle at its discretion, in place of more frequent mandatory examinations.
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)
- Sen. Cornyn, John [R-TX] (R-TX)
1 cosponsor
- Sen. Kaine, Tim [D-VA] (D-VA)
Money behind the sponsor
Top reported contributors to John Cornyn’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- CAPITAL GROUP $22,500
- ANDREESSEN HOROWITZ $16,500
- PALANTIR TECHNOLOGIES $13,686
- WINKLEVOSS CAPITAL MANAGEMENT $13,200
- BLACKSTONE $12,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for John Cornyn → · Outside spending →
Actions (2)
- Jun 2, 2026 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. · senate
- Jun 2, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
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 SENATE OF THE UNITED STATES
June 2, 2026
Mr. Cornyn (for himself and Mr. Kaine) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry
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 first 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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