Support for Ownership and Investment in Land Act
HR 4156, the Support for Ownership and Investment in Land Act (SOIL Act), creates a pilot program to streamline direct farm ownership loans. It allows the Secretary of Agriculture to establish a pre-approval process for these loans, potentially offering alternative eligibility requirements while maintaining other loan standards. The program aims to simplify applications and provide borrowers with greater certainty, with annual reports required for Congress starting in 2025. The pilot is set to expire on September 30, 2030.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2025
Committee Review
Floor Vote
President
Introduced Jun 26, 2025
Last action Jun 26, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 26, 2025
Committee
Referred to the House Committee on Agriculture.
lower
Jun 26, 2025
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Don Bacon
RRepublican
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