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Bill

HR 5010

Farm Credit Adjustment Act

119th Congress Introduced by Sanford Bishop and 7 co-sponsors

The bill lets the Farm Credit Administration extend low-risk institution examinations to up to 24 months to reduce regulatory burden.

Introduced in House
14
WeVote Research Nonpartisan
Bill Summary · HR 5010

Summary of HR 5010: Farm Credit Adjustment Act

Bill Overview

  • Bill Number: HR 5010
  • Title: Farm Credit Adjustment Act
  • Status: Introduced in House
  • Introduced Date: August 19, 2025
  • Classification: Bill

Purpose and Intent

The Farm Credit Adjustment Act aims to provide the Farm Credit Administration (FCA) with the flexibility to examine low-risk institutions within the Farm Credit System on a less frequent basis. Specifically, the bill allows for a 24-month examination cycle for institutions deemed low-risk, rather than the current mandatory examination frequency.

Key Provisions

  • Amendment to the Farm Credit Act of 1971:
    • The bill proposes an amendment to Section 5.19(a) of the Farm Credit Act, changing the language from "in no event" to "not" regarding the examination frequency.
    • It introduces the option for the FCA to extend the examination period for low-risk institutions to a maximum of 24 months, at the FCA's discretion.

Impact

  • Affected Entities:
    • The primary entities impacted by this legislation are the low-risk institutions within the Farm Credit System. These institutions may benefit from reduced regulatory burden and operational flexibility due to less frequent examinations.
    • The Farm Credit Administration will have increased discretion in managing its examination schedule, potentially allowing it to allocate resources more efficiently.

Procedural Aspects

  • Effective Date: The amendments proposed in the bill are set to take effect on October 1, 2026, allowing time for the FCA to adjust its examination processes.
  • Legislative Actions:
    • The bill was introduced and referred to the House Committee on Agriculture on the same day, August 19, 2025.

Sponsors

  • Primary Sponsor: Mr. Vindman
  • Cosponsor: Mr. Pat Fallon

This summary provides a clear understanding of the Farm Credit Adjustment Act, its intended changes to the examination process for low-risk Farm Credit System institutions, and the potential benefits for both the institutions and the regulatory body.

Compiled from official sources — confirm details with the bill’s official record.

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