# 119-s-2100: Modernizing Agricultural and Manufacturing Bonds Act

119-s-2100, Modernizing Agricultural and Manufacturing Bonds Act, is a 119th Congress bill sponsored by Sen. Ernst, Joni [R-IA] (R-IA); status in_committee; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-s-2100
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2100
- Congress: 119
- Title: Modernizing Agricultural and Manufacturing Bonds Act
- Status: in_committee
- Introduced: 2025-06-17
- Sponsor: Sen. Ernst, Joni [R-IA] (R-IA)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**Expand access to tax-exempt bonds for manufacturing projects and first-time farmers.** This bill would broaden what counts as a manufacturing facility for qualified small-issue bonds, raise dollar caps that limit those bonds, and add inflation adjustments to key limits.

## Cosponsors (2)

- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-06-17T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-06-17T00:00:00.000Z

## Provisions PRIA read

- More tax-exempt help for new farmers: benefit, high. If enacted, this bill would raise several dollar limits for first-time farmer private-activity bonds. The per-bond and related QSI limits would rise to $1,000,000 (replacing $450,000 and $250,000 limits). The separate lower limit on used farm equipment would be repealed. These changes would apply t…
- Broader tax-exempt bonds for manufacturers: benefit, medium. If enacted, this bill would broaden what counts as a manufacturing facility for certain tax-exempt small-issue bonds. It would include places that make or process tangible goods and some places that create certain intangible property. Directly related on-site ancillary facilities could qualify if n…
- Higher caps for small-issue bonds: benefit, low. If enacted, this bill would raise numeric caps for qualified small-issue private activity bonds. The per-issue cap would increase to $30,000,000 and the per-taxpayer aggregate cap would increase to $120,000,000. It also sets a $30,000,000 threshold for certain additional capital expenditures for bo…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1748: Kids Online Safety Act
- 119-s-4189: INSULIN Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025
- 119-s-558: Antisemitism Awareness Act of 2025

## Sources
- [119-s-2100 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2100)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4189: INSULIN Act of 2026](https://policyrisk.com/legislation/119-s-4189)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [119-s-558: Antisemitism Awareness Act of 2025](https://policyrisk.com/legislation/119-s-558)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2100 (as of 2026-09-10).