119-hr5010

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5010 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 5010

To allow the Farm Credit Administration the option to examine low-risk 
 Farm Credit System institutions under a 24-month cycle.

_______________________________________________________________________

 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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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 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.
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