Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-1822119th CongressWALLET
ACRE Act of 2025
Sponsored By: Representative Feenstra, Randy [R-IA-4]
Introduced
Summary
Excluding interest income on loans secured by rural and agricultural real estate from federal taxable income. This bill would add a new tax code section that lets specified U.S. lenders exclude interest they receive on qualifying rural or agricultural real-estate loans from gross income.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Tax break could lower rural loan rates
If enacted, certain lenders would not pay income tax on interest from new loans secured by rural or agricultural property, forestland, fishing or seafood sites, or aquaculture facilities. For rural single-family homes, the loan would need to buy or improve the owner’s main home, and total principal across such loans for one home could not exceed $750,000 when interest accrues. Loans would need to be made after enactment; refinancing can qualify to the extent it pays off an older loan. Eligible lenders would include FDIC-insured banks, regulated insurers, some U.S.-based affiliates of bank or insurance holding companies, and, for some property, Farm Credit System lenders; borrowers tied to certain foreign adversaries (China, Russia, Iran, North Korea, Cuba, and Venezuela while Nicolás Maduro is President) would be excluded. Standard rules for tax‑exempt interest would apply to lenders, and a federal report would review the impact within five years.
Sponsors & CoSponsors
Sponsor
Feenstra, Randy [R-IA-4]
IA • R
Cosponsors
Rep. Davis, Donald G. [D-NC-1]
NC • D
Sponsored 3/4/2025
Rep. Moran, Nathaniel [R-TX-1]
TX • R
Sponsored 3/4/2025
Rep. Bost, Mike [R-IL-12]
IL • R
Sponsored 3/11/2025
Rep. Bice, Stephanie I. [R-OK-5]
OK • R
Sponsored 3/11/2025
Rep. Estes, Ron [R-KS-4]
KS • R
Sponsored 3/24/2025
Rep. LaHood, Darin [R-IL-16]
IL • R
Sponsored 3/24/2025
Rep. Nunn, Zachary [R-IA-3]
IA • R
Sponsored 3/24/2025
Rep. Fields, Cleo [D-LA-6]
LA • D
Sponsored 3/24/2025
Rep. Scholten, Hillary J. [D-MI-3]
MI • D
Sponsored 3/24/2025
Rep. Schmidt, Derek [R-KS-2]
KS • R
Sponsored 3/24/2025
Rep. Neguse, Joe [D-CO-2]
CO • D
Sponsored 3/24/2025
Rep. Fitzgerald, Scott [R-WI-5]
WI • R
Sponsored 3/24/2025
Rep. Johnson, Dusty [R-SD-At Large]
SD • R
Sponsored 3/24/2025
Rep. Van Orden, Derrick [R-WI-3]
WI • R
Sponsored 3/24/2025
Rep. Steil, Bryan [R-WI-1]
WI • R
Sponsored 3/24/2025
Rep. Pettersen, Brittany [D-CO-7]
CO • D
Sponsored 3/24/2025
Rep. Costa, Jim [D-CA-21]
CA • D
Sponsored 3/24/2025
Rep. Mann, Tracey [R-KS-1]
KS • R
Sponsored 3/24/2025
Rep. Miller-Meeks, Mariannette [R-IA-1]
IA • R
Sponsored 3/24/2025
Rep. Valadao, David G. [R-CA-22]
CA • R
Sponsored 3/25/2025
Rep. Finstad, Brad [R-MN-1]
MN • R
Sponsored 3/26/2025
Rep. Bergman, Jack [R-MI-1]
MI • R
Sponsored 3/27/2025
Rep. Moolenaar, John R. [R-MI-2]
MI • R
Sponsored 4/7/2025
Rep. Moore, Blake D. [R-UT-1]
UT • R
Sponsored 4/7/2025
Rep. Hinson, Ashley [R-IA-2]
IA • R
Sponsored 4/7/2025
Rep. Barr, Andy [R-KY-6]
KY • R
Sponsored 4/7/2025
Rep. Wagner, Ann [R-MO-2]
MO • R
Sponsored 4/7/2025
Rep. Bilirakis, Gus M. [R-FL-12]
FL • R
Sponsored 4/7/2025
Rep. McClain, Lisa C. [R-MI-9]
MI • R
Sponsored 4/7/2025
Rep. Van Drew, Jefferson [R-NJ-2]
NJ • R
Sponsored 4/9/2025
Rep. Kustoff, David [R-TN-8]
TN • R
Sponsored 4/10/2025
Rep. Graves, Sam [R-MO-6]
MO • R
Sponsored 4/10/2025
Rep. Panetta, Jimmy [D-CA-19]
CA • D
Sponsored 4/17/2025
Rep. Carbajal, Salud O. [D-CA-24]
CA • D
Sponsored 4/17/2025
Rep. Meuser, Daniel [R-PA-9]
PA • R
Sponsored 4/17/2025
Rep. Budzinski, Nikki [D-IL-13]
IL • D
Sponsored 4/17/2025
Rep. Flood, Mike [R-NE-1]
NE • R
Sponsored 4/24/2025
Rep. Ross, Deborah K. [D-NC-2]
NC • D
Sponsored 4/24/2025
Rep. Pappas, Chris [D-NH-1]
NH • D
Sponsored 4/24/2025
Rep. De La Cruz, Monica [R-TX-15]
TX • R
Sponsored 4/24/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 4/30/2025
Rep. Conaway, Herbert C. [D-NJ-3]
NJ • D
Sponsored 4/30/2025
Rep. Fischbach, Michelle [R-MN-7]
MN • R
Sponsored 4/30/2025
Rep. Fedorchak, Julie [R-ND-At Large]
ND • R
Sponsored 5/5/2025
Rep. Salinas, Andrea [D-OR-6]
OR • D
Sponsored 5/5/2025
Rep. Carter, Earl L. "Buddy" [R-GA-1]
GA • R
Sponsored 5/5/2025
Rep. Owens, Burgess [R-UT-4]
UT • R
Sponsored 5/6/2025
Rep. Sewell, Terri A. [D-AL-7]
AL • D
Sponsored 5/7/2025
Rep. Bishop, Sanford D. [D-GA-2]
GA • D
Sponsored 5/7/2025
Rep. McBride, Sarah [D-DE-At Large]
DE • D
Sponsored 5/9/2025
Rep. Ryan, Patrick [D-NY-18]
NY • D
Sponsored 5/9/2025
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 5/9/2025
Rep. Shreve, Jefferson [R-IN-6]
IN • R
Sponsored 5/14/2025
Rep. McGuire, John J. [R-VA-5]
VA • R
Sponsored 5/14/2025
Rep. Womack, Steve [R-AR-3]
AR • R
Sponsored 5/15/2025
Rep. Westerman, Bruce [R-AR-4]
AR • R
Sponsored 6/3/2025
Rep. Johnson, Julie [D-TX-32]
TX • D
Sponsored 6/5/2025
Rep. Harshbarger, Diana [R-TN-1]
TN • R
Sponsored 6/5/2025
Rep. Williams, Roger [R-TX-25]
TX • R
Sponsored 6/12/2025
Rep. Landsman, Greg [D-OH-1]
OH • D
Sponsored 6/27/2025
Rep. McClain Delaney, April [D-MD-6]
MD • D
Sponsored 7/2/2025
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 10/3/2025
Rep. McDonald Rivet, Kristen [D-MI-8]
MI • D
Sponsored 12/18/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov