Support for Ownership and Investment in Land Act of 2026
119-HR-8472119th CongressIntroduced Apr 23, 2026Agriculture and Food
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Agriculture.
Sponsor
Rep. Bacon, Don [R-NE-2](R-NE-2)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.
Actions (3)
Referred to the House Committee on Agriculture.
Apr 23, 2026House floor actions
Introduced in House
Apr 23, 2026Library of Congress
Introduced in House
Apr 23, 2026Library of Congress