United States 118th Congress Status: In Committee Bipartisan · 2 R · 1 D cosponsors

HR 8448 — SOIL Act Support for Ownership and Investment in Land Act

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

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

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

Bill Text

How this bill changes current law

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Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill adds a new section to establish a pilot program for a pre-approval process for direct farm ownership loans.

  • 7 U.S.C. § 1983d

    SEC. 333E. PRIOR APPROVAL AUTHORIZATION PILOT PROGRAM. (a) In General.--The Secretary, acting through the Administrator of the Farm Service Agency, shall carry out a pilot program to establish a pre-approval 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 eligibility requirements for direct farm ownership loans under subtitle A. (2) Limitation.--This section shall not be interpreted to repeal any borrowing requirement imposed under subtitle A. (c) 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. (d) Termination of Effectiveness.--The authority provided by this section shall terminate effective September 30, 2029.

    This new section creates a pilot program for a pre-approval loan process specifically for direct farm ownership loans, outlining eligibility, reporting, and a termination date.

Action History

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

  2. Referred to the House Committee on Agriculture.

  3. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 544 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (544)

544 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

agriculture
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Frequently asked questions

What does HR 8448 do?
To establish a pilot program to establish a pre-approval process for direct farm ownership loans made under subtitle A of the Consolidated Farm and Rural Development Act in order to streamline the application process and provide greater certainty to borrowers.
Who sponsors HR 8448?
HR 8448 is sponsored by Bacon, Don (Republican), Nunn, Zachary (Republican), and Gottheimer, Josh (Democratic).
What is the current status of HR 8448?
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 8448?
Track HR 8448 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 2 months ago · updated continuously

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