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H.R. 7475: Expedited Guaranteed Lender Pilot Program Act

119th Congress · introduced 2026-02-10 · Agriculture and Food · Latest: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

federal

What does this mean?

Official title

Expedited Guaranteed Lender Pilot Program Act

Plain summary

Expedited Guaranteed Lender Pilot Program Act This bill establishes a pilot program for an expedited qualification and approval process for eligible Department of Agriculture (USDA) bridge loans. Under a new pilot program, USDA must streamline the application review process for borrowers seeking USDA guaranteed bridge loans that are serviced by a Preferred Certified Lender. Specifically, USDA must consider streamlining the process for (1) certifying eligibility and reviewing financial information, and (2) making determinations regarding the farming plan and financial situation of an applicant. The pilot program expires on September 30, 2031.

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

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What does this mean? (plain words)

Official text

Expedited Guaranteed Lender Pilot Program Act

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Scott, Austin [R-GA-8] · 0 cosponsors

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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

Record fed-us-cong119-hr7475 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills