119-hr4156

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4156 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 4156

 To establish a pilot program to establish a pre-approval or pre-
qualification process for direct farm ownership loans under subtitle A 
 of the Consolidated Farm and Rural Development Act in order to 
 streamline the application process and provide greater certainty to 
 borrowers.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 June 26, 2025

 Mr. Bacon introduced the following bill; which was referred to the 
 Committee on Agriculture

_______________________________________________________________________

 A BILL

 To establish a pilot program to establish a pre-approval or pre-
qualification process for direct farm ownership loans under subtitle A 
 of the Consolidated Farm and Rural Development Act in order to 
 streamline the application process and provide greater certainty to 
 borrowers.

 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'' or the ``SOIL Act''.

SEC. 2. FARMER LOAN PILOT PROJECTS.

 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. PRIOR APPROVAL OR QUALIFICATION AUTHORIZATION 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 a pre-approval or pre-qualification process for 
direct farm ownership loans made under subtitle A in order to 
streamline the application process and provide greater certainty to 
borrowers.
 ``

    (b) Eligibility Requirements.--
 ``

    (1) In general.--Notwithstanding any other provision of 
 this Act, the Secretary may establish alternative eligibility 
 requirements for direct farm ownership loans under subtitle A 
 that are processed through the pilot program.
 ``

    (2) Limitation.--Applicants satisfying the alternative 
 eligibility requirements shall remain subject to all other 
 provisions of subtitle A.
 ``
            (c) Loan Assessments.--In carrying out the pilot program, the 
Secretary shall consider streamlining the determinations under 

section 360

    (b) .
 ``
            (d) Report.--Not later than 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, 2030.''.
 <all>