USDA Loan Modernization Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6779 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6779 To amend the Consolidated Farm and Rural Development Act to expand eligibility for direct loans to individuals or entity members that hold at least a 50 percent interest and that are or will become bona fide operators of the farm real estate acquired, improved, or supported with farm ownership, operating, or emergency loans, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 17, 2025 Mr. Bost (for himself, Ms. Budzinski, and Mr. Rose) introduced the following bill; which was referred to the Committee on Agriculture _______________________________________________________________________ A BILL To amend the Consolidated Farm and Rural Development Act to expand eligibility for direct loans to individuals or entity members that hold at least a 50 percent interest and that are or will become bona fide 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 defined by the Secretary, shall be considered to meet the ope