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Modernizing Bonds: Boosting Agriculture and Manufacturing Investments.

This act makes it easier for small and medium-sized manufacturing businesses and farmers to access financing through bonds. It increases funding limits and broadens the definition of manufacturing facilities, potentially fostering job creation and local economic growth. These changes aim to support investments in agriculture and industry.
Key points
Manufacturing companies can now get up to $50 million from bonds, up from $10 million, enabling larger investments.
The definition of 'manufacturing facility' now includes intangible property production and functionally related facilities, opening doors for new types of businesses.
First-time farmers can now access up to $552,500 for land and equipment, up from $450,000, making it easier to start farming.
Funding limits for businesses and farmers will be adjusted for inflation, ensuring their relevance over time.
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Additional Information
Print number: 117_HR_2737
Sponsor: Rep. Murphy, Stephanie N. [D-FL-7]
Process start date: 2021-04-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Modernizing Agricultural and Manufacturing Bonds Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2737.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-21.

What are the main provisions?

Key points include:

  • Manufacturing companies can now get up to $50 million from bonds, up from $10 million, enabling larger investments.
  • The definition of 'manufacturing facility' now includes intangible property production and functionally related facilities, opening doors for new types of businesses.
  • First-time farmers can now access up to $552,500 for land and equipment, up from $450,000, making it easier to start farming.
  • Funding limits for businesses and farmers will be adjusted for inflation, ensuring their relevance over time.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Murphy, Stephanie N. [D-FL-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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