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Farm Credit: Less Frequent Examinations for Low-Risk Institutions

This act introduces changes that could affect farmers using farm credit. The agency overseeing these credits will be able to examine low-risk financial institutions less frequently. This means potentially less bureaucracy for some institutions, which could lead to a more efficient farm credit system.
Key points
The Farm Credit Administration can now examine low-risk Farm Credit System institutions every 24 months, instead of more frequently.
This change aims to reduce administrative burdens for financial institutions serving farmers, potentially impacting the availability and terms of farm credit.
The new rules will take effect on October 1, 2026.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5010
Sponsor: Rep. Vindman, Eugene Simon [D-VA-7]
Process start date: 2025-08-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Farm Credit Adjustment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5010.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-08-19.

What are the main provisions?

Key points include:

  • The Farm Credit Administration can now examine low-risk Farm Credit System institutions every 24 months, instead of more frequently.
  • This change aims to reduce administrative burdens for financial institutions serving farmers, potentially impacting the availability and terms of farm credit.
  • The new rules will take effect on October 1, 2026.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Vindman, Eugene Simon [D-VA-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Agriculture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Agriculture Economy