S3936Referred to Committee

USDA Loan Modernization Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-26
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Tommy Tuberville
Tommy Tuberville
Republican · AL · Senator
Votes with party: 75.3% (855 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$1,774k

Full profile: /officials/T000278

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

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

2026-02-26

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

The bill would update how the U.S. Department of Agriculture makes loans to farmers and rural businesses, likely modernizing outdated lending practices and making it easier for agricultural borrowers to access credit. The changes would affect farmers, ranchers, and rural entrepreneurs who rely on USDA loans to start or expand their operations.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Agriculture and Food
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Related legislation

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