- Stage
- In committee
- Started in
- House
- Sponsors
- 64
- Latest action
- Mar 4, 2025
What it does
The ACRE Act of 2025 would amend the Internal Revenue Code to exclude from gross income the interest received by qualified lenders on loans secured by rural or agricultural real property, including farmland, forestland, single-family rural residences, fishing-related properties, and aquaculture facilities. Qualified lenders include FDIC-insured banks, state- or federally-regulated insurance companies, certain bank or insurance holding company subsidiaries, and federally chartered Farm Credit System instrumentalities. The bill also prohibits loans to foreign adversary entities (defined as individuals or entities tied to China, Cuba, Iran, North Korea, Russia, or Venezuela under Nicolás…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.