S. 4655

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4655 Introduced in Senate (IS)]

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119th CONGRESS
2d Session
S. 4655

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

_______________________________________________________________________

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.

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 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.
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