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Support for Ownership and Investment in Land Act of 2026

4/30/2026, 1:34 PM

Summary of Bill HR 8472

The 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" (H.R. 8472) was introduced in the 119th Congress on April 23, 2026.

Congressional Summary of HR 8472

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.

Current Status of Bill HR 8472

Bill HR 8472 is currently in the status of Bill Introduced since April 23, 2026. Bill HR 8472 was introduced during Congress 119 and was introduced to the House on April 23, 2026.  Bill HR 8472's most recent activity was Referred to the House Committee on Agriculture. as of April 23, 2026

Bipartisan Support of Bill HR 8472

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 8472

Primary Policy Focus

Agriculture and Food

Alternate Title(s) of Bill HR 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.
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.

Comments

Ayaan Wooten profile image

Ayaan Wooten

946

3 months ago

I think this bill is good for us. It will help with land stuff and make things better. I like it.

Reid McDonald profile image

Reid McDonald

1,032

3 months ago

Excited for this new program!