Bill · H.R. 4156· House(119-HR-4156)
Support for Ownership and Investment in Land Act
- Introduced
- 6/26/2025
- Last activity
- 6/26/2025 — Referred to the House Committee on Agriculture.
- Sponsored by
- Don Bacon
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Support for Ownership and Investment in Land Act" or the "SOIL Act," proposes a pilot program for direct farm ownership loans. The goal is to create a pre-approval or pre-qualification process to make the application process more efficient. This program is intended to provide borrowers with greater certainty regarding their loans. The Secretary will implement this program within one year of enactment. The program includes the possibility of alternative eligibility requirements. This authority is set to end on September 30, 2030.
Yes· 3 of 7
Would farmers be better off under this?+7
The bill directly aims to assist farmers by streamlining the ownership loan process.
Would business owners be better off under this?+5
The bill assists those looking to enter the agricultural business through streamlined financing.
Would people in rural areas be better off under this?+5
The bill supports rural economic stability through improved agricultural loan access.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Streamlined Application Process: The bill aims to streamline the application process for direct farm ownership loans (Section 2, subsection a). This could save time for potential borrowers.
-
Greater Certainty for Borrowers: The pilot program is designed to provide greater certainty to borrowers (Section 2, subsection a).
-
Alternative Eligibility: The Secretary may establish alternative eligibility requirements for these loans through the pilot program (Section 2, subsection b, paragraph 1).
-
Streamlined Determinations: The Secretary is directed to consider streamlining determinations under section 360(b) while carrying out the pilot program (Section 2, subsection c).
Potential Negative Impacts for People
- Continued Regulatory Requirements: Even if applicants meet alternative eligibility requirements, they remain subject to all other provisions of subtitle A (Section 2, subsection b, paragraph 2).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Farmers+7Good For Business Owners+5Good For Rural Residents+5
- Economy And Finance
- Improves Small Business Support+5
- Environment Energy And Infrastructure
- Improves Rural Development+5
- Governance And Ideology
- Improves Government Transparency+3Increases Federal Power+2
- 6/26/2025
- Referred to the House Committee on Agriculture.
- Introduced in House