In CommitteeFiled Feb 9, 2026
Sponsor: Rep. Finstad, Brad [R-MN-1] (R)
Latest Action
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Mar 20, 2026
Summary
The USDA Express Loan Act would require the Secretary of Agriculture to offer a short, simplified application for farm real‑estate and operating loans up to $1 million and to decide on those applications within five business days. It also creates a faster review process for rural business and industry loans up to $400,000, or $600,000 if the loan poses low default risk. The goal is to get credit to farmers and rural enterprises more quickly.
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