,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hdgb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bc1 #bjbf,mr4 
,bacon introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,agriculture  
,a ,,bill  ,to e/abli% a pilot program =
 an exp$it$ qualification & approval    
process = direct f>m own]%ip loans1 & = 
gu>ante$ f>m own]%ip loans s]vic$ by a  
,pref]r$ ,c]tifi$ ,l5d]1 at ! ,dep>tm5t 
( ,agriculture4  #a4 ,%ort title  ,?is  
,act may be cit$ z ! ,support = ,own]%ip
 & ,inve/m5t 9 ,l& ,act ( #bjbf4  #b4   
,exp$it$ approval pilot program  7a7 ,9 
g5]al ,subtitle ,d ( ! ,consolidat$ ,f>m
 & ,rural ,developm5t ,act is am5d$ by  
ins]t+ aft] section #ccc;,d 7#g         
,u4,s4,c4 #aihc;d7 ! foll[+3  #ccc;,e4  
,exp$it$ approval pilot program  7a7 ,9 
g5]al ,n lat] ?an #a ye> aft] ! date (  
enactm5t ( ?is section1 ! ,secret>y %all
 c>ry out a pilot program to e/abli% an 
exp$it$ qualification & approval process
 = borr[]s seek+--  7#a7 a direct f>m   
own]%ip loan "u ?is ,act2 or  7#b7 a    

gu>ante$ f>m own]%ip loan "u ?is ,act t 
is s]vic$ by a ,pref]r$ ,c]tifi$ ,l5d]  
"u section #cci7;d7 & provid$ to a      
cr$itwor?y borr[]1 z det]m9$ by !       
,pref]r$ ,c]tifi$ ,l5d]4  7b7 ,loan     
assessm5ts ,9 c>ry+ out ?is section1 !  
,secret>y %all consid] /reaml9+ !       
process = mak+-- 7#a7 det]m9ations      
necess>y to make ! c]tifications &      
assessm5ts ref]r$ to 9 section          
#cci7;c77#e72 &  7#b7 det]m9ations "u   
section #cfj7;b74  7c7 ,rule (          
int]pretation ,except z o!rwise provid$ 
9 subsections 7a7 & 7b71 ?is section    
%all n be int]pret$ to au?orize ! waiv] 
or modification ( any requirem5t1 o!r   
?an an application process tim+         
requirem5t1 impos$ by or "u ?is ,act4   
7d7 ,report ,n lat] ?an #a ye> aft] !   
date ( enactm5t ( ?is section1 &        
annually !reaft]1 ! ,secret>y %all      
submit to ! ,committee on ,agriculture (
 ! ,h\se ( ,repres5tatives & !          
,committee on ,agriculture1 ,nutrition1 
& ,=e/ry ( ! ,s5ate a report exam9+ !   

actions und]tak5 "u1 & ! results (1 !   
pilot program4  7e7 ,t]m9ation (        
effectiv5ess ,! au?ority provid$ by ?is 
section %all t]m9ate effective ,septemb]
 #cj1 #bjca4  4  7b7 ,con=m+ am5dm5ts   
,section #cdf7;b77#b7 ( su* ,act 7#g    
,u4,s4,c4 #aiid7;b77#b77 is am5d$-- 7#a7
 9 subp>agraph 7,a77i77,,ii71 by ins]t+ 
1 to ! ext5t practicable aft] ,april #a 
( ! fiscal ye>2  7#b7 9 subp>agraph     
7,a77iii71 by ins]t+ 1 to ! ext5t       
practicable aft] ,septemb] #a ( ! fiscal
 ye>2 &  7#c7 9 subp>agraph 7,b77iii71  
by ins]t+ 1 to ! ext5t practicable aft] 
,april #a ( ! fiscal ye>4