HR5877-118

Introduced

To amend the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to create the USDA Express Guaranteed Farm Ownership and Guaranteed Farm Operating Loan programs, enabling faster access to credit for America’s farmers and ranchers.

118th Congress Introduced Oct 3, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to create the USDA Express Guaranteed Farm Ownership and Guaranteed Farm Operating Loan programs, enabling faster access to credit for America’s farmers and ranchers., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses. The main policy domain is Agriculture, Finance, Environment.

Who Benefits and How

farmers, ranchers, and agricultural businesses may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, farmers, ranchers, and agricultural businesses may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H4BDE1C1F11124F9598B13E0E0BBBAEF1: 1. Short title This Act may be cited as the USDA Express Loan Act.
  • Section HF7CCF3F676844C429EBB2A08DB14933E: 2. USDA express loans Subtitle A of the Consolidated Farm and Rural Development Act (7 U.S.C. 1922 et seq.) is amended by adding at the end the following:...
  • Section H91D0ED35852A4845A89CA1B5461B30E1: 310J. USDA Express Guaranteed Farm Ownership Loan Program Within 1 year after the date of the enactment of this section, the Secretary shall establish a...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to create the USDA Express Guaranteed Farm Ownership and Guaranteed Farm Operating Loan programs, enabling faster access to credit for America’s farmers and ranchers., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses.

Key Policy Areas

Agriculture, Finance, Environment

Primary Purpose

This bill, To amend the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to create the USDA Express Guaranteed Farm Ownership and Guaranteed Farm Operating Loan programs, enabling faster access to credit for America’s farmers and ranchers., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses.

Policy Domains

Agriculture Finance Environment

Whole bill

Identified Gains
  • farmers, ranchers, and agricultural businesses
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
farmers, ranchers, and agricultural businesses: , ,
Identified Costs
  • federal implementing agencies
  • farmers, ranchers, and agricultural businesses
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: , ,
farmers, ranchers, and agricultural businesses: , ,

Legislative Progress

Introduced
Introduced Committee Passed
Oct 3, 2023

Mr. Finstad (for himself and Ms. Craig) introduced the following …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Agriculture Finance Environment
Actor Mappings
"the_secretary"
→ The Secretary identified in the operative section

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology