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Support for Ownership and Investment in Land Act of 2026
To establish a pilot program for an expedited qualification and approval process for direct farm ownership loans, and for guaranteed farm ownership loans serviced by a Preferred Certified Lender, at the Department of Agriculture.
Summary
The bill establishes a pilot program to create an expedited qualification and approval process for borrowers seeking direct farm ownership loans or guaranteed farm ownership loans from the Department of Agriculture. The pilot program will streamline the process for making certifications, assessments, and determinations required for these loans while maintaining all other statutory requirements. The Secretary of Agriculture must implement the pilot program within one year and submit annual reports to Congress on the program's results. The pilot program is limited in scope and does not authorize waiving or modifying requirements other than application timing requirements. The program will expire 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. Bacon, Don [R-NE-2] (R-NE)
Actions (2)
- Apr 23, 2026 Referred to the House Committee on Agriculture. · house
- Apr 23, 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
April 23, 2026
Mr. Bacon introduced the following bill; which was referred to the Committee on Agriculture
A BILL
To establish a pilot program for an expedited qualification and approval process for direct farm ownership loans, and for guaranteed farm ownership loans serviced by a Preferred Certified Lender, at the Department of Agriculture.
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 “Support for Ownership and Investment in Land Act of 2026”.
SEC. 2. EXPEDITED 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 APPROVAL PILOT PROGRAM.
“(a) In General.—Not later than 1 year after the date of enactment of this section, the Secretary shall carry out a pilot program to establish an expedited qualification and approval process for borrowers seeking—
“(1) a direct farm ownership loan under this Act; or
“(2) a guaranteed farm ownership loan under this Act that is serviced by a Preferred Certified Lender under section 339(d) and provided to a creditworthy borrower, as determined by the Preferred Certified Lender.
“(b) Loan Assessments.—In carrying out this section, the Secretary shall consider streamlining the process for making—
“(1) determinations necessary to make the certifications and assessments referred to in section 339(c)(5); and
“(2) determinations under section 360(b).
“(c) Rule of Interpretation.—Except as otherwise provided in subsections (a) and (b), this section shall not be interpreted to authorize the waiver or modification of any requirement, other than an application process timing requirement, imposed by or under this Act.
“(d) Report.—Not later than 1 year after the date of 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), by inserting “, to the extent practicable” after “April 1 of the fiscal year”. <all>
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