Farm Credit Adjustment Act
- Bill Number
- H.R. 5010
- Origin Chamber
- House
- Congress
- 119th Congress, Session 1
- Policy Area
- Agriculture and Food
- Status
- Introduced
- Latest Action
- 2026-01-13: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Last Updated
- 2026-06-18T14:13:42Z
AI-Generated Summary
Summary of H.R. 5010 (Farm Credit Adjustment Act)
Purpose
This legislation aims to provide the Farm Credit Administration with flexibility in the timing of required examinations for certain low-risk institutions within the Farm Credit System.
Key Provisions
- The bill amends Section 5.19(a) of the Farm Credit Act of 1971.
- It changes the mandatory examination requirement from "in no event" more than 12 months to "not" more than 12 months.
- It adds an exception allowing the Farm Credit Administration, at its sole discretion, to extend examinations for low-risk institutions to no more than 24 months.
- The changes take effect on October 1, 2026.
Significant Changes to Existing Law
- Current law requires examinations of Farm Credit System institutions at least once every 12 months with no exceptions for extended intervals.
- The amendment introduces an optional longer cycle specifically for institutions deemed low-risk by the Farm Credit Administration, shifting from a strict annual requirement to a more flexible approach.
Potential Impacts
- On government agencies: The Farm Credit Administration gains discretion to adjust examination schedules, potentially allowing resource allocation based on risk levels.
- On citizens or related sectors: Institutions in the Farm Credit System (which support agricultural lending) may experience reduced regulatory frequency if classified as low-risk, though no direct effects on individual borrowers are specified.
- No impacts on international relations are addressed in the legislation.
Main Stakeholders Affected
- The Farm Credit Administration, as the regulatory body with new discretionary authority.
- Farm Credit System institutions, particularly those assessed as low-risk.
- Agricultural lenders and borrowers indirectly connected to the Farm Credit System.
Notable Legal, Constitutional, or Political Implications
- The bill grants sole discretion to a federal agency for determining risk levels and examination timing, which could affect regulatory oversight consistency.
- No constitutional issues are raised in the text, and the measure focuses solely on domestic financial regulation adjustments.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Rep. Vindman, Eugene Simon [D-VA-7]
Cosponsors (12)
Rep. Fallon, Pat [R-TX-4], Rep. Jackson, Ronny [R-TX-13], Rep. McGuire, John J. [R-VA-5], Rep. Bishop, Sanford D. [D-GA-2], Rep. Moore, Barry [R-AL-1], Rep. Comer, James [R-KY-1], Rep. Pfluger, August [R-TX-11], Rep. McClain Delaney, April [D-MD-6], Rep. Gray, Adam [D-CA-13], Rep. Figures, Shomari [D-AL-2], Rescom. Hernández, Pablo Jose [D-PR-At Large], Rep. McClellan, Jennifer L. [D-VA-4]
Recent Actions
- 2026-01-13: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- 2025-08-19: Referred to the House Committee on Agriculture.
- 2025-08-19: Introduced in House
- 2025-08-19: Introduced in House
Bill Versions
- Farm Credit Adjustment Act — issued 2025-08-19 — PDF (2 pages)