HB5172: To amend the Consolidated Farm and Rural Development Act to reduce the eligibility requirement for direct farm real estate loans, and for other purposes.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Consolidated Farm and Rural Development Act to reduce the eligibility requirement for direct farm real estate loans, and for other purposes.
Plain-language summary
This bill would change the rules for who can get direct farm real estate loans from the federal government. Currently, the Consolidated Farm and Rural Development Act sets eligibility requirements—basic rules about who qualifies—for these loans. The bill aims to reduce or relax those requirements, making it easier for some farmers to borrow money for land and property. The bill was recently introduced in Congress and is now in the early stage of the legislative process.
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HB5172: To amend the Consolidated Farm and Rural Development Act to reduce the eligibil…