H.R. 8472 – Support for Ownership and Investment in Land Act of 2026

AI-Generated Summary

Updated April 28, 2026 at 5:51 AM UTC

The Support for Ownership and Investment in Land Act of 2026 creates a pilot program at the U.S. Department of Agriculture to speed up the qualification and approval process for farm ownership loans. It applies to both direct loans from the USDA and guaranteed loans that are serviced by a Preferred Certified Lender. The program is intended to help creditworthy borrowers obtain farm ownership financing more quickly.

Key Provisions

Within one year of enactment, the USDA Secretary must launch a pilot program that fast‑tracks applications for direct farm ownership loans and for guaranteed farm ownership loans serviced by a Preferred Certified Lender.
The pilot must look at ways to streamline the certifications and assessments required under existing farm loan statutes, focusing on timing rather than waiving substantive requirements.
The Secretary must submit an annual report to the House and Senate agriculture committees on the pilot’s actions and results, with the first report due one year after the program starts.
The authority for the pilot program ends on September 30, 2031.
Minor conforming changes add the phrase “to the extent practicable” to certain deadline language in the underlying farm loan law.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Agriculture.

Agriculture Committee

April 23, 2026

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HouseIntro Referral

Introduced in House

April 23, 2026

HouseIntro Referral

Referred to the House Committee on Agriculture.

Agriculture Committee

April 23, 2026

Bill Text

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Introduced in HouseIssued April 23, 2026

I

119th CONGRESS

2d Session

H. R. 8472

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.

1.

Short title

This Act may be cited as the Support for Ownership and Investment in Land Act of 2026.

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:

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.