118th Congress · HOUSE BILLBILL

H.R. 8448SOIL Act

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.

Agriculture and food
Introduced May 17, 2024
Last action Sep 3, 2024
Pipeline · Bill → Law
Step 1
Introduced
May 17, 2024
Step 2
Referred
Sep 3, 2024
Agriculture
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill directs the Farm Service Agency (FSA) to carry out a pilot program to establish a pre-approval process for Direct Farm Ownership Loans. As background, the FSA Direct Loan Program provides Farm Ownership Loans to farmers and ranchers for the purchase and development of farm property.

Provisions · 2 sectionsIntroduced in House
Timeline · 3 actions
Sep 3, 2024
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
May 17, 2024
Introduced in House
May 17, 2024
Referred to the House Committee on Agriculture.