Congress·In Committee·S. 4655

Farm Credit Adjustment Act

Farm Credit: Longer Gaps Between Audits for Safe Banks

Jun 2·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

Next up: A senate committee

The Farm Credit Adjustment Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Agriculture, Nutrition, and Forestry for review. No further actions are scheduled at this time.

Legislative Progress

Senate

House

President

Law

Could go either way

This bill has support from both parties and addresses a specific regulatory burden, which often helps a bill move through the Senate more easily.

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 6564 (118th), which died when its Congress ended.
H.R. 6564 (118th) →

Key Points

This bill allows the government agency that oversees farm lenders to wait longer between official inspections for banks that are in good financial shape.
Currently, these banks must be checked more often, but this change would allow the government to wait up to two years between audits if the bank is considered low-risk.
The change is meant to save time and resources for both the government and the banks by focusing less energy on institutions that are already following the rules.
If passed, the new rules would begin on October 1, 2026, and the government would have the final say on which banks qualify for the longer schedule.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Jun 2, 2026Senate

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jun 2, 2026

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Farm Credit Adjustment Act

Bill NumberS 4655

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

D: 1

Analysis generated by AI. Always verify with official sources.