What is the current status of HR 7426?

HR 7426 is currently: Introduced.

Who sponsored HR 7426?

HR 7426 was sponsored by Brad Finstad (R), Rep.

IntroducedFebruary 9, 2026

Introduced6 months ago

Intro

House

Senate

Pres

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

Agriculture and Food

Why This Matters

This bill speeds up the approval process for loans to farmers and rural businesses, making it easier for them to get financial support.

If you are a farmer or rural business owner, this bill helps you get loan approvals within five business days.

Who this affects

Farmers · Rural business owners · Lenders

What changes is this bill making?

1This bill simplifies the loan application process for farmers and rural businesses.
2Lenders will receive a quick response on loan applications within five business days.
3Loans for farm ownership and operations can be guaranteed up to 90% for amounts under $125,000.
4The bill allows for faster processing of business loans up to $600,000 if risks are low.
5The changes aim to support rural economic growth and help farmers access needed funds.