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Support for Agriculture and Manufacturing: New Bond Rules

This act makes it easier for small manufacturing businesses and farmers to get funding through bonds. It increases financing limits and broadens the definition of manufacturing facilities, potentially leading to new jobs and local economic growth.
Key points
Manufacturing businesses can now get more financial support, as the bond limit has increased from $10 million to $30 million, and the total limit per taxpayer from $40 million to $120 million.
The definition of a manufacturing facility now includes the production of intangible property, opening the door for support for modern technologies and innovation.
First-time farmers can more easily purchase land and equipment, as the financing limit has increased from $450,000 to $1,000,000, and rules for used farm equipment have been simplified.
All these limits will be automatically adjusted for inflation, ensuring their value in the future.
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Status: Introduced
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Additional Information
Print number: 119_S_2100
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2025-06-17
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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 119_S_2100.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-06-17.

What are the main provisions?

Key points include:

  • Manufacturing businesses can now get more financial support, as the bond limit has increased from $10 million to $30 million, and the total limit per taxpayer from $40 million to $120 million.
  • The definition of a manufacturing facility now includes the production of intangible property, opening the door for support for modern technologies and innovation.
  • First-time farmers can more easily purchase land and equipment, as the financing limit has increased from $450,000 to $1,000,000, and rules for used farm equipment have been simplified.
  • All these limits will be automatically adjusted for inflation, ensuring their value in the future.
What is the specific legal status?

The current status is Introduced.

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 Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Agriculture Economy