Bill Sponsor
BILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 7426
119th Congress(2025-2026)
USDA Express Loan Act of 2026
Introduced
Introduced
Introduced in House on Feb 9, 2026
Overview
Text
Introduced in House 
Feb 9, 2026
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
Introduced in House(Feb 9, 2026)
Feb 9, 2026
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
Jump To
H. R. 7426 (Introduced-in-House)


119th CONGRESS
2d Session
H. R. 7426


To amend the Consolidated Farm and Rural Development Act to support the prompt approval of certain loans and loan guarantees, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

February 9, 2026

Mr. Finstad (for himself and Mr. Gray) introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To amend the Consolidated Farm and Rural Development Act to support the prompt approval of certain loans and loan guarantees, and for other purposes.

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 “USDA Express Loan Act of 2026”.

SEC. 2. Prompt approval of loans and loan guarantees.

Section 333A of the of the Consolidated Farm and Rural Development Act (7 U.S.C. 1983a) is amended—

(1) in subsection (g)—

(A) by striking paragraph (1) and inserting the following:

“(1) REAL ESTATE AND OPERATING GUARANTEED LOANS.—

“(A) IN GENERAL.—The Secretary shall provide to lenders a short, simplified application form for real estate and operating guaranteed loans under this title, for loans of not more than $1,000,000.

“(B) NOTICE.—Within 5 business days after receipt of a complete application to guarantee a farm ownership or operating loan that meets the requirements under subparagraph (A) originated by a Preferred Certified Lender or Certified Lender, the Secretary shall notify the lender as to whether the application is approved or disapproved.

“(C) MAXIMUM GUARANTEE.—Notwithstanding any other provision of this Act, the percentage of the principal amount of a loan which may be guaranteed pursuant to this paragraph shall not exceed—

“(i) 90 percent, in the case of a loan not exceeding $125,000;

“(ii) 75 percent, in the case of a loan of more than $125,000 and not more than $500,000; or

“(iii) 50 percent, in the case of a loan of more than $500,000 and not more than $1,000,000.”; and

(B) by redesignating paragraphs (2) and (3) as paragraphs (3) and (4), respectively, and inserting after paragraph (1) the following:

“(2) BUSINESS AND INDUSTRY GUARANTEED LOANS TO ASSIST RURAL ENTITIES.—

“(A) IN GENERAL.—The Secretary shall develop an application process that accelerates, to the maximum extent practicable, the processing of applications for business and industry guaranteed loans to assist rural entities, as described under section 310B(a)(2)(A), for loans not exceeding $400,000.

“(B) EXCEPTION.—The accelerated application process, as provided under subparagraph (A), shall apply to loans not exceeding $600,000 if there is not a significant increased risk of a default on the loan, as determined by the Secretary.”; and

(2) by striking subsection (h).