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H.R. 5010House119th Congress (2025-2027)In Committee

Farm Credit Adjustment Act

Sponsored by Eugene Simon VindmanRep. Eugene Simon Vindman (D-VA)
Introduced August 19, 2025

AI-Generated Summary

Updated November 23, 2025 at 10:25 PM UTC

The Farm Credit Adjustment Act gives the Farm Credit Administration the ability to extend the required examination period for low‑risk Farm Credit System institutions to a maximum of two years. This change replaces the previous rule that did not allow any extension, giving the FCA flexibility in oversight. The amendment applies to all low‑risk institutions within the Farm Credit System and becomes effective on October 1, 2026.

Key Provisions

  • Amends the Farm Credit Act of 1971 to let the Farm Credit Administration (FCA) use its discretion to lengthen the mandatory examination interval for low‑risk Farm Credit System institutions to up to 24 months.
  • Changes the wording in the law by removing “in no event” and adding “not,” which creates the new option for the FCA.
  • The new examination schedule option takes effect on October 1, 2026.

Legislative Activity

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2 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

General Farm Commodities, Risk Management, and Credit Subcommittee

January 13, 2026

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HouseIntro Referral

Introduced in House

August 19, 2025

HouseIntro Referral

Referred to the House Committee on Agriculture.

Agriculture Committee

August 19, 2025

HouseCommittee

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

General Farm Commodities, Risk Management, and Credit Subcommittee

January 13, 2026

Bill Text

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Introduced in HouseIssued August 19, 2025

I

119th CONGRESS

1st Session

H. R. 5010

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.

1.

Short title

This Act may be cited as the Farm Credit Adjustment Act.

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.