A bill to amend the Consolidated Farm and Rural Development Act to expand eligibility for guaranteed and direct loans to individuals or entity members that hold at least a 50 percent interest and that are or will become qualified operators of the farm real estate acquired, improved, or supported with farm ownership, operating, or emergency loans, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3936 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3936 To amend the Consolidated Farm and Rural Development Act to expand eligibility for guaranteed and direct loans to individuals or entity members that hold at least a 50 percent interest and that are or will become qualified operators of the farm real estate acquired, improved, or supported with farm ownership, operating, or emergency loans, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 26, 2026 Mr. Tuberville (for himself and Mr. Husted) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry _______________________________________________________________________ A BILL To amend the Consolidated Farm and Rural Development Act to expand eligibility for guaranteed and direct loans to individuals or entity members that hold at least a 50 percent interest and that are or will become qualified operators of the farm real estate acquired, improved, or supported with farm ownership, operating, or emergency loans, 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 Loan Modernization Act''. SEC. 2. PERSONS ELIGIBLE FOR REAL ESTATE LOANS. Section 302(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1922(a)) is amended-- (1) in paragraph (1)-- (A) in the matter preceding subparagraph (A), by striking ``a majority'' and inserting ``at least a 50 percent''; and (B) in subparagraph (C), by striking ``a majority'' and inserting ``at least a 50 percent''; and (2) in paragraph (2), by striking subparagraphs (A) and (B) and inserting the following: ``(A) Eligibility of qualified operators.-- Qualified operators, as d