Bill · H.R. 7426· House(119-HR-7426)
USDA Express Loan Act of 2026
- Introduced
- 2/9/2026
- Last activity
- 3/20/2026 — Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Sponsored by
- Brad Finstad
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The USDA Express Loan Act of 2026 aims to amend the Consolidated Farm and Rural Development Act. This legislation focuses on supporting the prompt approval of specific loans and loan guarantees. It introduces a short, simplified application form for real estate and operating guaranteed loans up to $1,000,000. Additionally, the bill seeks to accelerate the application process for business and industry guaranteed loans to assist rural entities.
Yes· 3 of 7
Would business owners be better off under this?+5
The bill eases the loan application and approval process for small business and industry entities.
Would farmers be better off under this?+5
The bill simplifies the application process and speeds up notification times for farm ownership and operating loans.
Does this make it easier to run a small business?+5
The bill streamlines application processes and provides faster notifications for real estate, operating, and business loans.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Streamlined Loan Applications: The Secretary will provide a short, simplified application form for real estate and operating guaranteed loans of $1,000,000 or less, which helps lenders process loans more easily (Section 2, subsection (g)(1)(A)).
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Faster Approval Notifications: For complete applications from Preferred Certified Lenders or Certified Lenders, the Secretary must notify the lender of approval or disapproval within 5 business days (Section 2, subsection (g)(1)(B)).
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Accelerated Business Loans: The Secretary is required to develop an application process that accelerates the processing of business and industry guaranteed loans for rural entities up to $400,000 (Section 2, subsection (g)(2)(A)).
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Expanded Accelerated Processing: The accelerated process for business and industry loans can extend to loans up to $600,000 if the Secretary determines there is no significant increased risk of default (Section 2, subsection (g)(2)(B)).
Potential Negative Impacts for People
- Reduced Guarantee Percentages: The bill sets specific limits on the percentage of the principal amount that can be guaranteed based on the loan size; for example, the guarantee drops to 75 percent for loans over $125,000 up to $500,000, and to 50 percent for loans over $500,000 up to $1,000,000 (Section 2, subsection (g)(1)(C)).
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 Business Owners+5Good For Farmers+5Good For Rural Residents+4
- Economy And Finance
- Improves Small Business Support+5Increases Job Creation+3
- Environment Energy And Infrastructure
- Improves Rural Development+5
- Social Issues And Justice
- Improves Affordable Housing+2
- 3/20/2026
- Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- 2/9/2026
- Referred to the House Committee on Agriculture.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Adam GrayDemocrat · California