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House bill · H.R. 7426 (119th Congress)

USDA Express Loan Act of 2026

U.S. House of Representatives

Latest action Mar 20, 2026

Sponsor: Brad Finstad (U.S. Representative, MN-1, Republican)

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

Would amend the Consolidated Farm and Rural Development Act to require the Secretary of Agriculture to give lenders a short, simplified application form for guaranteed farm real estate and operating loans of up to $1,000,000, and to respond within 5 business days of receiving a complete application.

AI summary. Not an official summary. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Agriculture · U.S. House of Representatives

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Cosponsors

1

Cosponsors listed on Congress.gov, shown A to Z.

  • Democratic1

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As identified by Congress.gov.

Full history

  1. Mar 20, 2026

    In committee

    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

    U.S. House

  2. Mar 20, 2026

    Referred to committee

    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

  3. Mar 20, 2026

    Referred to committee

    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

  4. Mar 20, 2026

    Referred to committee

    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

  5. Feb 9, 2026

    Introduced

    Introduced in House

    U.S. House of Representatives

Show full history (2 earlier events)
  1. Feb 9, 2026

    Introduced

    Introduced in U.S. House

    U.S. House

  2. Feb 9, 2026

    Referred to committee

    Referred to the House Committee on Agriculture.

    U.S. House of Representatives

Read the record