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US HB4156
Bill
Status
Introduced
6/26/2025
Primary Sponsor
Don Bacon
Click for details
AI Summary
- Establishes a pilot program requiring the Secretary of Agriculture to create a pre-approval or pre-qualification process for direct farm ownership loans within 1 year of enactment
- Authorizes the Secretary to establish alternative eligibility requirements for loans processed through the pilot program, while applicants remain subject to all other existing provisions
- Directs the Secretary to consider streamlining loan assessment determinations under section 360(b) of existing law
- Requires annual reports to the House and Senate Agriculture Committees on actions taken and results of the pilot program
- Program authority terminates on September 30, 2030
Legislative Description
Support for Ownership and Investment in Land Act
Agriculture and food
Last Action
Referred to the House Committee on Agriculture.
6/26/2025
Committee Referrals
Agriculture6/26/2025
Full Bill Text
No bill text available