Support for Ownership and Investment in Land Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8472 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 8472

    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.

_______________________________________________________________________

                    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''.
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