Latest action: Committee on Small Business and Entrepreneurship. Hearings held.
Bill is filed in its originating chamber and assigned a number.
Sponsor
Joni Ernst (R-IA)
Filed in the Senate.
Next: In Committee
Members of the committee(s) the bill was referred to
Creates new tax bonds to help farmers and manufacturers grow businesses.
The problem
Agricultural and manufacturing sectors struggle to access affordable financing for modernization and expansion projects.
The proposal
Establishes modernized agricultural and manufacturing bonds offering tax incentives to encourage private investment in sector infrastructure and equipment.
The impact
Farmers, manufacturers, and investors gain new financing tools. Taxpayers may see reduced federal revenue from tax incentives.
Farmers and manufacturers get a new way to borrow money for upgrades. Tax incentives make bonds cheaper than regular loans.
Business growth typically leads to hiring workers. Rural and manufacturing communities could see more employment opportunities.
Encourages upgrading old equipment and technology. This helps industries become more competitive and efficient.
Tax-advantaged bonds attract investors seeking social returns. This broadens the funding sources available.
Tax incentives reduce federal income. Taxpayers overall may need to make up the difference elsewhere.
The bill summary lacks specifics about bond amounts, interest rates, or eligibility requirements. This makes full impact assessment difficult.
Large corporations might benefit more than small farms. Rural and disadvantaged areas could be left out if not carefully designed.
Agricultural and manufacturing loans carry real financial risk. If businesses fail, bondholders could lose money.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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