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Expedited Guaranteed Lender Pilot Program Act
To establish an expedited guaranteed lender pilot program at USDA.
Summary
This bill establishes a pilot program at the U.S. Department of Agriculture to speed up approval of certain farm and rural development bridge loans. The program would allow Preferred Certified Lenders to expedite the qualification and approval process for creditworthy borrowers whose loans are guaranteed by the USDA. The Secretary of Agriculture would streamline the certification and assessment process without waiving other legal requirements. The program requires annual reporting to Congress and would end on September 30, 2031.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Scott, Austin [R-GA-8] (R-GA)
Money behind the sponsor
Top reported contributors to Austin Scott’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- CME GROUP $5,000
- JDS HOLDINGS LLC $3,300
- OFFICE OF KAT TAYLOR $3,300
- BIG ROCK EQUITIES $3,300
- THE RUSSELL GROUP $3,000
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Austin Scott → · Outside spending →
Actions (3)
- Mar 20, 2026 Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. · house
- Feb 10, 2026 Referred to the House Committee on Agriculture. · house
- Feb 10, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 10, 2026
Mr. Austin Scott of Georgia introduced the following bill; which was referred to the Committee on Agriculture
A BILL
To establish an expedited guaranteed lender pilot program at USDA.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Expedited Guaranteed Lender Pilot Program Act”.
SEC. 2. EXPEDITED LOAN GUARANTEE APPROVAL PILOT PROGRAM.
(a) In General.—Subtitle D of the Consolidated Farm and Rural Development Act is amended by inserting after section 333D (7 U.S.C. 1983d) the following:
“SEC. 333E. EXPEDITED LOAN GUARANTEE APPROVAL PILOT PROGRAM.
“(a) In General.—Beginning not later than 1 year after the date of the enactment of this section, the Secretary shall carry out a pilot program to establish an expedited qualification and approval process for borrowers seeking bridge loans guaranteed by the Secretary under this Act, that are serviced by Preferred Certified Lenders under section 339(d) and are provided to creditworthy borrowers, as determined by the Preferred Certified Lender.
“(b) Loan Assessments.—In carrying out this section, the Secretary shall consider streamlining the process for making determinations necessary to make the certifications and assessments referred to in section 339(c)(5) and determinations under section 360(b).
“(c) Rule of Interpretation.—This section shall not be interpreted to authorize the waiver or modification of any requirement, other than a timing requirement applicable to application processing, imposed by or under this Act.
“(d) Report.—Within 1 year after the date of the enactment of this section, and annually thereafter, the Secretary shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report examining the actions undertaken under, and the results of, the pilot program.
“(e) Termination of Effectiveness.—The authority provided by this section shall terminate effective September 30, 2031.”.
(b) Conforming Amendments.—Section 346(b)(2) of such Act (7 U.S.C. 1994(b)(2)) is amended—
(1) in subparagraph (A)(i)(II), by inserting “, to the extent practicable” after “April 1 of the fiscal year”;
(2) in subparagraph (A)(iii), by inserting “,to the extent practicable” after “September 1 of the fiscal year”; and
(3) in subparagraph (B)(iii), in the text, by inserting “, to the extent practicable” after “April 1 of the fiscal year”. <all>
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