What does Preamble of Support for Ownership and Investment in Land Act of 2026 do?

This bill establishes a pilot program within the Department of Agriculture. The pilot program aims to expedite the qualification and approval process for direct farm ownership loans. It also targets expedited qualification and approval for guaranteed farm ownership loans serviced by a Preferred Certified Lender.

What does SHORT TITLE. of Support for Ownership and Investment in Land Act of 2026 do?

This bill is formally titled the Support for Ownership and Investment in Land Act of 2026.

What does EXPEDITED APPROVAL PILOT PROGRAM. of Support for Ownership and Investment in Land Act of 2026 do?

This section amends the Consolidated Farm and Rural Development Act to establish an Expedited Approval Pilot Program. The Secretary is directed to carry out this pilot program within one year of enactment to expedite qualification and approval for borrowers seeking direct or guaranteed farm ownership loans. The pilot program focuses on streamlining loan assessments, specifically those related to certifications under section 339(c)(5) and determinations under section 360(b). The program is limited to loans serviced by Preferred Certified Lenders to creditworthy borrowers. The section clarifies that the pilot program does not authorize waivers or modifications of requirements, except for application process timing requirements. The Secretary must submit annual reports to the House and Senate Agriculture Committees examining the pilot program's actions and results. The authority provided by this section terminates on September 30, 2031. Section 346(b)(2) of the Consolidated Farm and Rural Development Act is amended to include the phrase 'to the extent practicable' after specified dates.

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Support for Ownership and Investment in Land Act of 2026

Last updated: 4/23/2026 · Introduced: 4/23/2026

Author: Don Bacon (R-NE)

TL;DR (AI)

This bill establishes a pilot program within the Department of Agriculture to expedite the qualification and approval process for direct and guaranteed farm ownership loans.
The pilot program, limited to loans serviced by Preferred Certified Lenders and creditworthy borrowers, streamlines loan assessments related to specific certifications and determinations.
The program requires annual reports to Congress on its performance and will terminate on September 30, 2031.

119th Congressin committeeHR. 7567(Passed House)Official page

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Includes provisions on preamble, short title., and 1 more.

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