119th Congress Agriculture and Food
H.R. 7475: Expedited Guaranteed Lender Pilot Program Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill establishes a pilot program for an expedited qualification and approval process for eligible Department of Agriculture (USDA) bridge loans.
Under a new pilot program, USDA must streamline the application review process for borrowers seeking USDA guaranteed bridge loans that are serviced by a Preferred Certified Lender. Specifically, USDA must consider streamlining the process for (1) certifying eligibility and reviewing financial information, and (2) making determinations regarding the farming plan and financial situation of an applicant.
The pilot program expires on September 30, 2031.
Written by the Congressional Research Service, Library of Congress.
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Other bills by Austin Scott
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- H.R. 6983: Nell Patten Roquemore Post Office (Lakeland, GA)
History
- Introduced in the House by Austin Scott.
Show the full action history (3 actions)
- Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Introduced in House
- Referred to the House Committee on Agriculture.