H.R. 7475 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Agriculture, Feb 10, 2026
What this bill does
In plain words · AI-written from the official summarySpeeds up USDA farm bridge loan approvals
This bill sets up a test program to make it faster for farmers to get approved for USDA bridge loans. The Department of Agriculture would streamline the application process, focusing on speeding up how they check if borrowers qualify and review their finances and farming plans.
How it affects you
Farmers who need bridge loans through USDA and work with preferred lenders could get approval faster. The program runs as a test until September 30, 2031, so it's not permanent for now.
Read the official summary (Introduced in House, Feb 10, 2026)
Expedited Guaranteed Lender Pilot Program Act
This bill establishes a pilot program for an expedited qualification and approval process for eligible Department of Agriculture (USDA) bridge loans.
Under a new pilot program, USDA must streamline the application review process for borrowers seeking USDA guaranteed bridge loans that are serviced by a Preferred Certified Lender. Specifically, USDA must consider streamlining the process for (1) certifying eligibility and reviewing financial information, and (2) making determinations regarding the farming plan and financial situation of an applicant.
The pilot program expires on September 30, 2031.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
2nd SessionH. R. 7475
A BILL
Expedited Guaranteed Lender Pilot Program Act
Sponsor: Rep. Austin Scott (R-GA-8) · Introduced Feb 10, 2026 · Agriculture and Food · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Mar 20, 2026: “Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.”