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AgricultureH.R. 5010Not Yet VotedComments

Farm Credit Adjustment Act

Official title: To allow the Farm Credit Administration the option to examine low-risk Farm Credit System institutions under a 24-month cycle.

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How Congress Voted

What Happened in Congress?

Pending

Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, current stage
  3. Floor Vote, not yet
  4. Outcome, not yet

What This Bill Does

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.

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Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. House committee actionsReferred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  2. Library of CongressIntroduced in House
  3. House floor actionsReferred to the House Committee on Agriculture.
  4. Introduced
  5. Committee

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