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H.R. 8472119th CongressIn committeeLatest action Apr 23, 2026Decoded by AI · checked against the record
Official title: Support for Ownership and Investment in Land Act of 2026
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
USDA would run a pilot program to speed up farm land loan paperwork, ending September 30, 2031.
40-second read · 4 questions answered below
This bill would have USDA create a test program to shorten the time it takes to apply for and receive approval on certain farm ownership loans. It covers loans made directly by USDA and loans backed by USDA through approved private lenders. The program cannot change actual loan requirements, only the timing of the process.
Farmers and ranchers applying for USDA loans to buy farmland would be affected, along with the approved private lenders who work with those borrowers.
Currently, the application and approval process for these loans takes time that may affect when farmers can act on land purchases. USDA would also be required to report to Congress each year on how the program is working.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Agriculture.