HR 7475 — Expedited Guaranteed Lender Pilot Program Act

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.

Bill Text

• Introduced Introduced in House Current html February 10, 2026

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

The bill establishes an expedited guaranteed lender pilot program at USDA.

• 7 U.S.C. 1983d

  SEC. 333E. EXPEDITED LOAN GUARANTEE APPROVAL 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 an expedited qualification and approval process for borrowers seeking bridge loans guaranteed by the Secretary under this Act, that are serviced by Preferred Certified Lenders under section 339(d) and are provided to creditworthy borrowers, as determined by the Preferred Certified Lender. (b) Loan Assessments.--In carrying out this section, the Secretary shall consider streamlining the process for making determinations necessary to make the certifications and assessments referred to in section 339(c)(5) and determinations under section 360(b). (c) Rule of Interpretation.--This section shall not be interpreted to authorize the waiver or modification of any requirement, other than a timing requirement applicable to application processing, imposed by or under this Act. d) Report.--Within 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, 2031.

  This inserts a new pilot program into law for expedited loan guarantees.

• 7 U.S.C. 1994(b)(2)

  Of the amounts reserved for a fiscal year under subclause (I), the Secretary shall reserve an amount not less than ⅔ of the amount for the down payment loan program under section 1935 of this title and joint financing arrangements under section 1927(a)(3)(D) of this title until April 1 of the fiscal year. → Of the amounts reserved for a fiscal year under subclause (I), the Secretary shall reserve an amount not less than ⅔ of the amount for the down payment loan program under section 1935 of this title and joint financing arrangements under section 1927(a)(3)(D) of this title until April 1 of the fiscal year, to the extent practicable.

  This change adds a qualification that the Secretary should reserve funds, to the extent practicable.

• 7 U.S.C. 1994(b)(2)

  Funds reserved for qualified beginning farmers or ranchers under this subparagraph for a fiscal year shall be reserved only until September 1 of the fiscal year. → Funds reserved for qualified beginning farmers or ranchers under this subparagraph for a fiscal year shall be reserved only until September 1 of the fiscal year, to the extent practicable.

  This change adds a qualification that the reservation of funds should occur, to the extent practicable.

• 7 U.S.C. 1994(b)(2)

  Funds reserved for qualified beginning farmers or ranchers under this subparagraph for a fiscal year shall be reserved only until April 1 of the fiscal year. → Funds reserved for qualified beginning farmers or ranchers under this subparagraph for a fiscal year shall be reserved only until April 1 of the fiscal year, to the extent practicable.

  This change adds a qualification that the reservation of funds should be made, to the extent practicable.

Action History

1. February 10, 2026

   Introduced in House

2. February 10, 2026

   Introduced in House

3. February 10, 2026

   Referred to the House Committee on Agriculture.

4. March 20, 2026

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

Sponsors

• Austin Scott · Primary

Subjects