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.