Support for Ownership and Investment in Land Act of 2026

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

Not later than 1 year after the date of enactment of this section, the Secretary shall carry out a pilot program to establish an expedited qualification and approval process for borrowers seeking—

(1) a direct farm ownership loan under this Act; or

(2) a guaranteed farm ownership loan under this Act that is serviced by a Preferred Certified Lender under section 339(d) and provided to a creditworthy borrower, as determined by the Preferred Certified Lender.

In carrying out this section, the Secretary shall consider streamlining the process for making—

(1) determinations necessary to make the certifications and assessments referred to in section 339(c)(5); and

(2) determinations under section 360(b).

Except as otherwise provided in subsections (a) and (b), this section shall not be interpreted to authorize the waiver or modification of any requirement, other than an application process timing requirement, imposed by or under this Act.

Not later than 1 year after the date of 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.

The authority provided by this section shall terminate effective September 30, 2031.

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), by inserting, to the extent practicable after April 1 of the fiscal year.