H.R. 1977: ECORA Act of 2021

117th Congress · introduced 2021-03-17 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

Where it came from: introduced 2021-03-17 · official record
Who proposed it: Rep. Kind, Ron [D-WI-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

ECORA Act of 2021

Plain summary

Enhancing Credit Opportunities in Rural America Act of 2021 or the ECORA Act of 2021 This bill modifies the requirements for calculating taxable income to exclude from gross income interest received by a lender from real estate loans secured by agricultural real estate or by a leasehold mortgage (with a status as a lien) on agricultural real estate. Agricultural real estate includes real property that is substantially used for the production of one or more agricultural products. It also includes any single family residence that is (1) the principal residence of its occupant, (2) located in a rural area which is not within a Metropolitan Statistical Area and has a population of 2,500 or less, and (3) is purchased or improved with the proceeds of a loan secured by agricultural real estate or by a household mortgage.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

ECORA Act of 2021

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Kind, Ron [D-WI-3] · 42 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Randy Feenstra (R-IA), David Kustoff (R-TN), Don Bacon (R-NE), Tracey Mann (R-KS), Dusty Johnson (R-SD), Guy Reschenthaler (R-PA), Jason Smith (R-MO), Daniel Meuser (R-PA), Andy Barr (R-KY), Bruce Westerman (R-AR), James Comer (R-KY), Ron Estes (R-KS), Barry Moore (R-AL), Mike Rogers (R-AL), Pete Sessions (R-TX), Robert B. Aderholt (R-AL), Mariannette Miller-Meeks (R-IA), Richard Hudson (R-NC), John R. Curtis (R-UT), Blake D. Moore (R-UT), Burgess Owens (R-UT), Brian K. Fitzpatrick (R-PA), Ashley Hinson (R-IA), Mark E. Amodei (R-NV), Pat Fallon (R-TX), Jim Banks (R-IN), Steve Womack (R-AR), Mike Kelly (R-PA), Ted Budd (R-NC), Mary E. Miller (R-IL), John R. Moolenaar (R-MI), Tim Burchett (R-TN), David G. Valadao (R-CA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr1977.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr1977 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117