Farm Credit Adjustment Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill changes how the Farm Credit Administration (FCA) oversees Farm Credit System institutions. It gives the FCA the option to examine low-risk institutions every 24 months instead of the current schedule. This adjustment is intended to streamline the oversight process for institutions deemed low-risk by the FCA. The changes will take effect on October 1, 2026.
Key provisions
- Allows the Farm Credit Administration to examine low-risk Farm Credit System institutions every 24 months.
- Provides the FCA with the discretion to extend examination periods for low-risk institutions beyond the 24-month timeframe.
- Amends Section 5.19(a) of the Farm Credit Act of 1971.
Who is affected
- Farm Credit System institutions
- The Farm Credit Administration
Notable changes
- Changes the frequency of examinations for low-risk Farm Credit institutions from the current schedule.
Bill text
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Sponsors
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13 on record
Primary sponsor
Cosponsors
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