HR 6779 · 119th Congress

USDA Loan Modernization Act

This bill makes it easier for farmers and farming groups to qualify for USDA loans by relaxing ownership requirements. Currently, the USDA requires that loan applicants own a majority (more than 50%) of a farm to get direct loans for buying land, operating expenses, or emergency situations. This bill lowers that thr…

Sponsor

Bost, Mike (R-Illinois)

Introduced

2025-12-17

Policy area

Agriculture and Food

Latest action

Referred to the House Committee on Agriculture.