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HR 1872 116th Congress House Taxation Agricultural prices, subsidies, credit Credit and credit markets Farmland Housing finance and home ownership Income tax exclusion Interest, dividends, interest rates Rural conditions and development

Enhancing Credit Opportunities in Rural America Act of 2019

Introduced: June 25, 2019 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2019
Referred to the House Committee on Ways and Means.
Mar 26, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Enhancing Credit Opportunities in Rural America Act of 2019 or the ECORA Act of 2019

This bill modifies the requirements for calculating taxable income to exclude from gross income interest received by a lender from real estate loans secured by agricultural real estate or by a leasehold mortgage (with a status as a lien) on agricultural real estate.

Agricultural real estate includes real property that is substantially used for the production of one or more agricultural products. It also includes any single family residence that is (1) the principal residence of its occupant, (2) located in a rural area which is not within a Metropolitan Statistical Area and has a population of 2,500 or less; and (3) is purchased or improved with the proceeds of a loan secured by property used for the production of one or more agricultural products.

What's happening now March 26, 2019

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 1641 Identical bill ECORA Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 17
All 17 Republican 11
KIND, RON
· Oct 16, 2020
 R
Wittman, Robert J.
Virginia · Mar 10, 2020
Armstrong, Kelly
· Mar 9, 2020
 R
Bacon, Don
Nebraska · Jan 15, 2020
 R
Smith, Jason
Missouri · Dec 4, 2019
Brooks, Mo
· Nov 18, 2019
Abraham, Ralph
· Jul 9, 2019
 R
Van Drew, Jefferson
New Jersey · Jul 9, 2019
Palazzo, Steven
· Jun 25, 2019
 R
Estes, Ron
Kansas · Jun 5, 2019
 R
Moolenaar, John R.
Michigan · Jun 3, 2019
King, Steve
· May 23, 2019
 R
Comer, James
Kentucky · May 22, 2019
 R
Reschenthaler, Guy
Pennsylvania · May 1, 2019
 R
Banks, Jim
Indiana · Apr 12, 2019
 R
Miller, Carol D.
West Virginia · Apr 8, 2019
 R
Marshall, Roger
Kansas · Mar 26, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1872: Enhancing Credit Opportunities in Rural America Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-1872/
MLA
"H.R. 1872: Enhancing Credit Opportunities in Rural America Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-1872/.
Bluebook (legal)
H.R. 1872, 116th Cong. (2026), https://openamerica.io/bill/116-HR-1872/.
Markdown link
[H.R. 1872: Enhancing Credit Opportunities in Rural America Act of 2019](https://openamerica.io/bill/116-HR-1872/)
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