II
119th CONGRESS
2d Session
S. 4655
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.
Short title
This Act may be cited as the Farm Credit Adjustment Act
.
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.