Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Summary
The bill establishes a pilot program that lets the USDA fast‑track eligibility and approval for bridge loans it guarantees when they are serviced by Preferred Certified Lenders. It shortens the review of borrowers’ financial information and farm plans and will run until September 30, 2031. The USDA must report annually to Congress on the program’s actions and results.
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