H.R. 7475

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7475 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7475

To establish an expedited guaranteed lender pilot program at USDA.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 10, 2026

Mr. Austin Scott of Georgia introduced the following bill; which was 
referred to the Committee on Agriculture

_______________________________________________________________________

A BILL

To establish an expedited guaranteed lender pilot program at USDA.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Expedited Guaranteed Lender Pilot 
Program Act''.

SEC. 2. EXPEDITED LOAN GUARANTEE APPROVAL PILOT PROGRAM.

(a) In General.--Subtitle D of the Consolidated Farm and Rural 
Development Act is amended by inserting after section 333D (7 U.S.C. 
1983d) the following:

``SEC. 333E. EXPEDITED LOAN GUARANTEE APPROVAL PILOT PROGRAM.

``(a) In General.--Beginning not later than 1 year after the date 
of the enactment of this section, the Secretary shall carry out a pilot 
program to establish an expedited qualification and approval process 
for borrowers seeking bridge loans guaranteed by the Secretary under 
this Act, that are serviced by Preferred Certified Lenders under 
section 339(d) and are provided to creditworthy borrowers, as 
determined by the Preferred Certified Lender.
``(b) Loan Assessments.--In carrying out this section, the 
Secretary shall consider streamlining the process for making 
determinations necessary to make the certifications and assessments 
referred to in section 339(c)(5) and determinations under section 
360(b).
``(c) Rule of Interpretation.--This section shall not be 
interpreted to authorize the waiver or modification of any requirement, 
other than a timing requirement applicable to application processing, 
imposed by or under this Act.
``(d) Report.--Within 1 year after the date of the enactment of 
this section, and annually thereafter, the Secretary shall submit to 
the Committee on Agriculture of the House of Representatives and the 
Committee on Agriculture, Nutrition, and Forestry of the Senate a 
report examining the actions undertaken under, and the results of, the 
pilot program.
``(e) Termination of Effectiveness.--The authority provided by this 
section shall terminate effective September 30, 2031.''.
(b) Conforming Amendments.--Section 346(b)(2) of such Act (7 U.S.C. 
1994(b)(2)) is amended--
(1) in subparagraph (A)(i)(II), by inserting ``, to the 
extent practicable'' after ``April 1 of the fiscal year'';
(2) in subparagraph (A)(iii), by inserting ``,to the extent 
practicable'' after ``September 1 of the fiscal year''; and
(3) in subparagraph (B)(iii), in the text, by inserting ``, 
to the extent practicable'' after ``April 1 of the fiscal 
year''.
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