Darin LaHood (R-IL)
Modernizing Agricultural and Manufacturing Bonds Act
A Republican bill with 3 Democratic cosponsors · See all 4 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill is called the Modernizing Agricultural and Manufacturing Bonds Act. It updates the rules for certain tax-exempt bonds used by small manufacturers and first-time farmers. The bill expands what counts as a manufacturing facility to include the creation of certain intangible property. It also raises the dollar limits on bonds for manufacturing facilities and first-time farmers. Additionally, the legislation adds inflation adjustments for these dollar limits starting in future years. Finally, it changes how substantial farmland is calculated for first-time farmers by using the average farm size instead of the median.
Yes· 3 of 8
- Scored +7
Would farmers be better off under this?
First-time farmers benefit from higher dollar limitations for land and equipment and more flexible farm size eligibility calculations.
- Scored +7
Does this make it easier to run a small business?
The bill directly supports small manufacturers and first-time farmers by raising private activity bond limits and expanding definitions to include intangible property.
- Scored +6
Would business owners be better off under this?
Small manufacturing business owners benefit directly from increased bond financing limits and modernized property definitions.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Section 2(a): This provision updates the definition of a manufacturing facility to include the creation of certain intangible property and related facilities on the same site. This might be considered positive because it helps modern manufacturing businesses that focus on intangible assets utilize these bonds.
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Section 2(b): This provision raises the maximum bond limits for small issue manufacturing bonds from $10,000,000 to $30,000,000, and increases the aggregate limit per taxpayer from $40,000,000 to $120,000,000. This could benefit manufacturing businesses by allowing them to secure more funding for their projects.
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Section 3(a): This provision increases the dollar limitation for first-time farmers from $450,000 to $1,000,000 and repeals a separate lower limit on used farm equipment. This is a positive outcome for new farmers who need to finance land and equipment purchases in today's economy.
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Section 3(b): This provision changes the rule for determining substantial farmland from the median farm size to the average farm size. This might be considered positive because it can make more beginning farmers eligible for the program depending on state farm sizes.
Potential Negative Impacts for People
- Based on the provided text, there are no specific sections or provisions identified that create negative consequences or burdens for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would farmers be better off under this? — First-time farmers benefit from higher dollar limitations for land and equipment and more flexible farm size eligibility calculations. Would business owners be better off under this? — Small manufacturing business owners benefit directly from increased bond financing limits and modernized property definitions. Would people in rural areas be better off under this? — Rural residents benefit from measures supporting agricultural development and new farming enterprises.
- Economy And Finance
- Does this make it easier to run a small business? — The bill directly supports small manufacturers and first-time farmers by raising private activity bond limits and expanding definitions to include intangible property. Is this likely to grow the economy? — The legislation facilitates investment in modern manufacturing and agriculture, providing a boost to economic growth in these sectors. Is this likely to create jobs? — By expanding and increasing tax-exempt bond limits for small manufacturers, the bill supports business expansion and job creation.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — By increasing the dollar limitations for first-time farmers and updating substantial farmland calculations, the bill aids rural agricultural development.
- Education And Technology
- Does this make patent and copyright rules fairer? — The bill updates the definition of manufacturing facilities to include the creation of certain intangible property, supporting modern businesses.
- 6/11/2026
- 1 Cosponsor added.
- 6/2/2026
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Dwight EvansDemocrat · Pennsylvania
Randy FeenstraRepublican · Iowa
Joe NeguseDemocrat · Colorado
Terri SewellDemocrat · Alabama