PRIA Logo™
119-s-3936119th CongressWALLET

USDA Loan Modernization Act

Sponsored By: Senator Tuberville, Tommy [R-AL]

Introduced

Summary

Would expand access to USDA farm loans by changing who counts as an eligible operator or owner. It would replace a "majority" control test with an "at least 50 percent" standard and add rules letting operator-led and embedded entities meet eligibility for real estate, operating, and emergency loans.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More USDA farm loan access

If enacted, the bill would expand who counts as an operator for USDA farm real estate, operating, and emergency loans. It would replace each "a majority" test with "at least a 50 percent" ownership test so 50% owners could meet operator or owner-operator rules. The bill would let the Secretary define "qualified operators" and treat them as meeting operator requirements. It would allow an applicant that will be only the operator to qualify if one or more real-estate owners own at least 50% of the applicant. The bill would also let an embedded entity qualify if at least 75% of its ownership interests are owned, directly or indirectly, by qualified operators. The Secretary would be able to set an alternate percentage where appropriate.

Sponsors & CoSponsors

Sponsor

Tuberville, Tommy [R-AL]

AL • R

Cosponsors

  • Sen. Husted, Jon [R-OH]

    OH • R

    Sponsored 2/26/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation