Support for Ownership and Investment in Land Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4156 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 4156

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 26, 2025

  Mr. Bacon introduced the following bill; which was referred to the 
                        Committee on Agriculture

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Support for Ownership and Investment 
in Land Act'' or the ``SOIL Act''.

SEC. 2. FARMER LOAN PILOT PROJECTS.

    Subtitle D of the Consolidated Farm and Rural Development Act is 
amended by inserting after section 333D (7 U.S.C. 1983d) the following:

``SEC. 333E. PRIOR APPROVAL OR QUALIFICATION AUTHORIZATION 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 a pre-approval or pre-qualification 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 alternative eligibility 
        requirements for direct farm ownership loans under subtitle A 
        that are processed through the pilot program.
            ``(2) Limitation.--Applicants satisfying the alternative 
        eligibility requirements shall remain subject to all other 
        provisions of subtitle A.
    ``(c) Loan Assessments.--In carrying out the pilot program, the 
Secretary shall consider streamlining the determinations under section 
360(b).
    ``(d) Report.--Not later than 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, 2030.''.
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