Bill Detail
H.R. 8472
Congress: 119
Title
Support for Ownership and Investment in Land Act of 2026
Summary
Support for Ownership and Investment in Land Act of 2026 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.
Sponsor
Rep. Don Bacon [R-NE-2]
Status
Referred to the House Committee on Agriculture.
Status as of Aug 5, 7:50 PM · synced 9d ago
Introduced
2026-04-23
Data source mode: congress-gov
Bill Engagement
Support for Ownership and Investment in Land Act of 2026 This bill establishes a pilot program for an expedited qualification and approval process for eligible Department of Agr…