Support for Ownership and Investment in Land Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4156 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4156 To establish a pilot program to establish a pre-approval or pre- qualification process for direct farm ownership loans under subtitle A of the Consolidated Farm and Rural Development Act in order to streamline the application process and provide greater certainty to borrowers. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 26, 2025 Mr. Bacon introduced the following bill; which was referred to the Committee on Agriculture _______________________________________________________________________ A BILL To establish a pilot program to establish a pre-approval or pre- qualification process for direct farm ownership loans under subtitle A of the Consolidated Farm and Rural Development Act in order to streamline the application process and provide greater certainty to borrowers. 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 ``Support for Ownership and Investment in Land Act'' or the ``SOIL Act''. SEC. 2. FARMER LOAN PILOT PROJECTS. Subtitle D of the Consolidated Farm and Rural Development Act is amended by inserting after section 333D (7 U.S.C. 1983d) the following: ``SEC. 333E. PRIOR APPROVAL OR QUALIFICATION AUTHORIZATION PILOT PROGRAM. ``(a) In General.--Beginning not later than 1 year after the date of the enactment of this section, the Secretary shall carry out a pilot program to establish a pre-approval or pre-qualification process for direct farm ownership loans made under subtitle A in order to streamline the application process and provide greater certainty to borrowers. ``(b) Eligibility Requirements.-- ``(1) In general.--Notwithstanding any other provision of this Act, the Secretary may establish alternative eligibility requ