# 119-hr-7426: USDA Express Loan Act of 2026

119-hr-7426, USDA Express Loan Act of 2026, is a 119th Congress bill sponsored by Rep. Finstad, Brad [R-MN-1] (R-MN); status in_committee; PRIA reads it as touching household money (as of 2026-07-25).

- Canonical: https://policyrisk.com/legislation/119-hr-7426
- As of: 2026-07-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7426
- Congress: 119
- Title: USDA Express Loan Act of 2026
- Status: in_committee
- Introduced: 2026-02-09
- Sponsor: Rep. Finstad, Brad [R-MN-1] (R-MN)
- Cosponsors: 1
- Policy area: Agriculture and Food
- Touches household money: yes
- Last recorded action: 2026-07-25

## Summary

**Fast, simplified USDA loan guarantees for rural farmers and businesses.** This bill would create two expedited loan-guarantee pathways: one for farm real estate and operating loans up to $1 million and one for Business and Industry loans up to $400,000 or $600,000 in low-risk cases. - Farmers and farm households would get a short, simplified application option for real estate and operating guaranteed loans up to $1 million. Certified lenders would receive an approval or disapproval within five business days after a complete simplified application, and loans would carry tiered guarantee rates that favor smaller loans. - Rural small businesses and local employers would gain an accelerated Business and Industry guarantee path for loans up to $400,000, with an allowance to extend the expedited process to $600,000 if the Secretary determines there is no significant increased default risk. This aims to speed credit for rural enterprises. - Participating lenders and USDA processing would be streamlined by the new separate pathway for B&I loans and by removing subsection (h) of section 333A, creating clearer rules for expedited guaranteed lending.

## Cosponsors (1)

- Rep. Gray, Adam [D-CA-13] (D-CA), 2026-02-09T00:00:00.000Z

## Provisions PRIA read

- Faster rural business loan processing: benefit, low. This bill would require USDA to develop an accelerated application process for Business and Industry guaranteed loans that help rural entities. The accelerated process would apply to loans up to $400,000. The accelerated process would also apply to loans up to $600,000 when the Secretary determines…
- Faster farm loans with guarantee caps: mixed, medium. This bill would require USDA to give lenders a short, simplified application for farm real estate and operating loans up to $1,000,000. For loans originated by a Preferred Certified Lender or Certified Lender using a complete short form, the Secretary would have to tell the lender within 5 business…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-6143: PRECISE Act
- 119-hr-137: TCJA Permanency Act
- 119-hr-9535: Securing Agriculture's Workforce Act of 2026

## Sources
- [119-hr-7426 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7426)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-6143: PRECISE Act](https://policyrisk.com/legislation/119-hr-6143)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-9535: Securing Agriculture's Workforce Act of 2026](https://policyrisk.com/legislation/119-hr-9535)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7426 (as of 2026-07-25).