S. 4655 · Senate bill · 119th Congress

Farm Credit Adjustment Act

Sponsored by Sen. John Cornyn, Texas with 1 co-sponsor

Introduced Jun 2, 2026

Referred to the Agriculture, Nutrition, and Forestry Committee

Latest action Jun 2, 2026

SponsorSen. John Cornyn, Texas· 1 cosponsorSen. Tim Kaine, Virginia

What the bill does

This bill allows the Farm Credit Administration (FCA) to examine low-risk Farm Credit System institutions every 24 months. Specifically, FCA has the sole discretion to extend the currently mandated 18-month examination period for all institutions to 24 months for low-risk institutions.

Summary by the Congressional Research Service, Jul 27, 2026.

BillFull text · congress.gov(opens in a new tab)

Read the bill

About 100 words

Contents

Sec. 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.

Official text, Introduced in Senate (Jun 2, 2026), from the Government Publishing Office via Congress.gov. Printed version (PDF) · All versions on Congress.gov

What the bill does

Summary by the Congressional Research Service, Jul 27, 2026.