Bill > HR6564

This bill, the Farm Credit Adjustment Act, allows the Farm Credit Administration (FCA), which regulates the Farm Credit System (FCS), the option to examine low-risk FCS institutions on a 24-month cycle rather than the previous requirement of examining them at least annually. This change provides the FCA with more flexibility in overseeing these low-risk institutions, which are determined by the FCA based on their assessment of the institution's risk profile. The bill's amendments will take effect on October 1, 2024.