What This Bill Does · Plain English
Summary · Congress.gov
Farm Credit Adjustment Act 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.
Frequently Asked Questions
Did S.4655 pass?
S.4655 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
What does S.4655 do?
Farm Credit Adjustment Act 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.
Who sponsored S.4655?
S.4655 was sponsored by John Cornyn (R-Texas).
Full Bill Text
Full text not yet indexed for this bill. Check Congress.gov for the official text.
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