H.R. 7475House119th Congress (2025-2027)In Committee

Expedited Guaranteed Lender Pilot Program Act

AI-Generated Summary

Updated February 12, 2026 at 4:42 AM UTC

The Expedited Guaranteed Lender Pilot Program Act creates a USDA pilot to speed up the qualification and approval of bridge loans that are guaranteed by the agency. The program targets creditworthy borrowers who work with Preferred Certified Lenders, aiming to shorten processing times while keeping existing loan requirements intact. It requires the USDA Secretary to report on the pilot’s progress each year and sets the program to end on September 30, 2031.

Key Provisions

The Secretary must launch a pilot within one year of enactment to provide an expedited qualification and approval process for USDA‑guaranteed bridge loans serviced by Preferred Certified Lenders.
The pilot focuses on streamlining the certifications and assessments needed for loan approvals, without waiving any substantive loan requirements except timing.
The Secretary must submit an annual report to the House and Senate Agriculture Committees on the pilot’s actions and results.
The authority for the pilot expires on September 30, 2031.
Minor conforming amendments add the phrase “to the extent practicable” to certain timing deadlines in related USDA loan provisions.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

2 earlier actions

HouseCommittee Latest Action

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

General Farm Commodities, Risk Management, and Credit Subcommittee

March 20, 2026

View full timeline

HouseIntro Referral

Introduced in House

February 10, 2026

HouseIntro Referral

Referred to the House Committee on Agriculture.

Agriculture Committee

February 10, 2026

HouseCommittee

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

General Farm Commodities, Risk Management, and Credit Subcommittee

March 20, 2026

Bill Text

Latest available legislative text

Reading Mode

Raw Text PDF XML

Introduced in HouseIssued February 10, 2026

119th CONGRESS

2d Session

H. R. 7475

IN THE HOUSE OF REPRESENTATIVES

February 10, 2026

Mr. Austin Scott of Georgia introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To establish an expedited guaranteed lender pilot program at USDA.

Short title

This Act may be cited as the Expedited Guaranteed Lender Pilot Program Act.

Expedited loan guarantee 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:

333E.

Expedited loan guarantee approval pilot program

(a)

In general

Beginning not later than 1 year after the date of the enactment of this section, the Secretary shall carry out a pilot program to establish an expedited qualification and approval process for borrowers seeking bridge loans guaranteed by the Secretary under this Act, that are serviced by Preferred Certified Lenders under section 339(d) and are provided to creditworthy borrowers, as determined by the Preferred Certified Lender.

(b)

Loan assessments

In carrying out this section, the Secretary shall consider streamlining the process for making determinations necessary to make the certifications and assessments referred to in section 339(c)(5) and determinations under section 360(b).

(c)

Rule of interpretation

This section shall not be interpreted to authorize the waiver or modification of any requirement, other than a timing requirement applicable to application processing, imposed by or under this Act.

(d)

Report

Within 1 year after the date of the 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), in the text, by inserting , to the extent practicable after April 1 of the fiscal year.