Farmers and ranchers who want a USDA-guaranteed bridge loan often face long waits while the agency reviews their paperwork. This bill directs the Department of Agriculture to launch a pilot program, starting within a year of enactment, that speeds up loan-guarantee approvals for creditworthy borrowers whose loans are handled by USDA-approved "Preferred Certified Lenders." The agency must report to Congress each year on how the pilot is working, and the fast-track authority automatically ends on September 30, 2031, unless Congress acts to extend it. The bill does not waive any of the underlying loan-qualification rules — it only speeds up the timing of paperwork and review, not who qualifies for a loan.
Congressional Summary
Expedited Guaranteed Lender Pilot Program ActThis bill establishes a pilot program for an expedited qualification and approval process for eligible Department of Agriculture (USDA) bridge loans.Under a new pilot program, USDA must streamline the application review process for borrowers seeking USDA guaranteed bridge 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.
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2026-02-10
- Date Added
- 2026-07-18
- Source
- Congress.gov →
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