Representative Don Bacon introduces H.R. 10995: Rural Borrowing Improvement Act

We have received text from H.R. 10995: Rural Borrowing Improvement Act. This bill was received on 2026-11-11, and currently has no cosponsors.

Here is a short summary of the bill:

This bill would extend the authorization for the Intermediary Relending Program , a federal rural development lending program run by the USDA.

What the program does

The Intermediary Relending Program provides loans to local organizations, such as nonprofits, cooperatives, or other approved intermediary lenders, which then lend that money to people and businesses in rural areas. Those downstream loans are typically used to help finance community and business development projects, such as:

• starting or expanding small businesses
• creating jobs in rural communities
• supporting local economic development projects
• helping rural areas access financing that may be harder to obtain from traditional lenders

What the bill changes

Current law authorizes this part of the program for the years 2014 through 2023 . The bill would replace those dates with 2027 through 2031 , effectively continuing the program for a new five-year period.

Practical effect

If enacted, the bill would keep this USDA lending program available after the current authorization period ends, allowing qualifying intermediary lenders to continue receiving federal loans and relending them in rural communities during the new time window.

Relevant Companies

None found.

Representative Don Bacon Bill Proposals

Here are some bills which have recently been proposed by Representative Don Bacon:

• H.R.10998: To reauthorize USDA guarantees for Bonds and Notes issued for utility infrastructure purposes.
• H.R.10997: Connecting Rural Stakeholders Act
• H.R.10996: Streamlining Government Programs for Rural Businesses Act
• H.R.10995: Rural Borrowing Improvement Act
• H.R.10994: To reauthorize the Rural Business Development Grant Program.
• H.R.10993: To reauthorize the Solid Waste Management Grants Program.

You can track bills proposed by Representative Don Bacon on Investivoq's politician page for Bacon.

Representative Don Bacon Net Worth

Investivoq estimates that Representative Don Bacon is worth $2.1M, as of November 12th, 2026. This is the 263rd highest net worth in Congress, per our live estimates.

Bacon has approximately $321.8K invested in publicly traded assets which Investivoq is able to track live.

You can track Representative Don Bacon's net worth on Investivoq's politician page for Bacon.

2026 Nebraska's 2nd Congressional District Election

There has been approximately $24,497,719 of spending in Nebraska's 2nd congressional district elections over the last two years, per our estimates.

Approximately $10,573,142 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

• HMP ($2,863,686)
• FIGHT FOR NEBRASKA PAC ($2,602,852)
• NEW DEMOCRAT MAJORITY ($735,211)
• CHC BOLD PAC ($532,138)
• LEAD LEFT PAC ($435,225)

The rating for this race is currently "Likely D".

You can track this election on our matchup page for the 2026 Nebraska's 2nd congressional district election.

This article is not financial advice. See Investivoq's disclaimers for more information.