Bill · S. 3936· Senate(119-S-3936)
USDA Loan Modernization Act
- Introduced
- 2/26/2026
- Last activity
- 2/26/2026 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- Tommy Tuberville
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The USDA Loan Modernization Act seeks to amend the Consolidated Farm and Rural Development Act. The bill aims to expand eligibility for guaranteed and direct loans. This expansion applies to individuals or entity members holding at least a 50 percent interest. It also targets those who are or will become qualified operators of farm real estate. These real estate assets may be acquired, improved, or supported with farm ownership, operating, or emergency loans.
Yes· 3 of 6
Would farmers be better off under this?+7
The bill specifically expands loan eligibility for various types of farm operators and entities.
Does this invest in rural communities?+6
The bill facilitates farm ownership and operation through expanded loan eligibility in rural agricultural sectors.
Would business owners be better off under this?+5
The bill provides easier access to financing for farm operators and entity members.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Expanded loan eligibility for operators: The bill allows qualified operators, as defined by the Secretary, to meet the operator requirement for loans (Section 2, Section 3, and Section 4).
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Benefits for operating-only entities: An applicant that is or will become only the operator of farm real estate can meet owner-operator requirements if an owner of the real estate owns at least 50 percent of the applicant (Section 2 and Section 4).
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Support for embedded entities: Entities that are owners or operators can meet direct ownership requirements if at least 50 percent of the ownership is held by qualified operators, or if at least 75 percent of the total ownership interests are owned by qualified operators (Section 2 and Section 4).
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Adjustable ownership thresholds: For certain operating-only entities, the Secretary has the power to determine an ownership percentage that is appropriate, which may be something other than 50 percent (Section 2).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly mentioned in the provided text.
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
- Environment Energy And Infrastructure
- Improves Rural Development+6
- Economy And Finance
- Improves Small Business Support+5
- Governance And Ideology
- Increases Federal Power+2
- 2/26/2026
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 1 Cosponsor added.
- Introduced in Senate
Jon HustedRepublican · Ohio