Section 1 Short title
This Act may be cited as the “Farm Credit Adjustment Act”.
Farm Credit Adjustment Act
A BILL
To allow the Farm Credit Administration the option to examine low-risk Farm Credit System institutions under a 24-month cycle.
Sec. 2 Farm Credit Administration option to examine low risk Farm Credit System institutions on a 24-month cycle
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—
by striking “in no event” and inserting “not”; and
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.
Effective date— The amendments made by subsection (a) shall take effect on October 1, 2026.