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Senate bill · S. 3936 (119th Congress)

USDA Loan Modernization Act

U.S. Senate

Latest action Feb 26, 2026

Sponsor: Tommy Tuberville (U.S. Senator for Alabama, Republican)

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

Summary

Amends USDA farm loan rules to let individuals or entity members holding at least a 50 percent interest (rather than a majority) qualify as operators eligible for guaranteed and direct farm loans.

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

Also referred to Senate Committee on Agriculture, Nutrition, and Forestry · U.S. Senate.

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Cosponsors

1

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

  • Republican1

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Full history

  1. Feb 26, 2026

    Introduced

    Introduced in U.S. Senate

    U.S. Senate

  2. Feb 26, 2026

    Referred to committee

    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

  3. Feb 26, 2026

    Referred to committee

    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

  4. Feb 26, 2026

    Referred to committee

    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Read the record