119th Congress Agriculture and Food
H.R. 8472: Support for Ownership and Investment in Land Act of 2026
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) farm ownership loans.
Under a new pilot program, USDA must streamline the application review process for borrowers seeking (1) direct farm ownership loans, or (2) USDA guaranteed farm ownership 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 Don Bacon
History
- Introduced in the House by Don Bacon.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Agriculture.