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Referenced Laws
12 U.S.C. 2254(a)
Section 1
1. Short title This Act may be cited as the Farm Credit Adjustment Act.
Section 2
2. Farm Credit Administration option to examine low risk Farm Credit System institutions on a 24-month cycle Section 5.19(a) of the Farm Credit Act of 1971 (12 U.S.C. 2254(a)) is amended in the 1st sentence— by striking in no event and inserting not; and 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. The amendments made by subsection (a) shall take effect on October 1, 2026.