S. 4655 · Where this bill is now
In committee
Introduced in the Senate, Jun 2, 2026
What this bill does
In plain words · AI-written from the official summaryExtends Farm Credit System exam periods
The Farm Credit Administration oversees a network of lenders that make loans to farmers. Right now, the agency must examine these lenders every 18 months. This bill would let the agency extend that examination period to every 24 months, but only for institutions considered low-risk.
How it affects you
This mainly affects farmers who borrow from Farm Credit System lenders. For them, less frequent examinations could mean their lenders spend fewer resources on regulatory checkups and potentially more on lending operations, though the direct impact on individual farmers isn't specified in the summary.
Read the official summary (Introduced in Senate, Jun 2, 2026)
Farm Credit Adjustment Act
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.
FCA regulates the Farm Credit System, which is a network of borrower-owned lending institutions that operates as a government-sponsored enterprise and makes loans to creditworthy farmers.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
2nd SessionS. 4655
A BILL
Farm Credit Adjustment Act
Sponsor: Sen. John Cornyn (R-TX) · Introduced Jun 2, 2026 · Agriculture and Food · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 2, 2026: “Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.”