Emergency Spending Accountability Act

House Bill

H.R. 3787

119th Congress

Emergency Spending Accountability Act

Sponsor introductory remarks on measure. (CR H2661)

Introduced:Jun 6, 2025

Primary Sponsor

Darin LaHood

Representative

Republican

IL-16

Cosponsors

5

Quick Stats

Policy Area

Taxation

Summary

This bill would expand the types of facilities that can use tax-exempt bonds for manufacturing purposes, and increase the maximum size of those bonds. It would also make changes to the rules for private activity bonds used by first-time farmers, like raising the limit on how much bond money can be used to buy land.

Latest Action

Referred to the House Committee on Ways and Means.

SponsorDarin LaHood (R-IL)

Introduced6/6/2025

StatusSponsor introductory remarks on measure. (CR H2661)

ChamberHouse

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

Emergency Spending Accountability Act

This bill would expand the types of facilities that can use tax-exempt bonds for manufacturing purposes, and increase the maximum size of those bonds. It would also make changes to the rules for private activity bonds used by first-time farmers, like raising t

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would expand the types of facilities that can use tax-exempt bonds for manufacturing purposes, and increase the maximum size of those bonds. It would also make changes to the rules for private activity bonds used by first-time farmers, like raising the limit on how much bond money can be used to buy land.

Bill Number: 3787
Sponsor: Darin LaHood (R-IL)
Introduced: 6/6/2025
Status: Sponsor introductory remarks on measure. (CR H2661)
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Emergency Spending Accountability Act
Bill Number: 3787
Sponsor: Darin LaHood (R-IL)
Status: Sponsor introductory remarks on measure. (CR H2661)
Introduced: 6/6/2025
Summary: This bill would expand the types of facilities that can use tax-exempt bonds for manufacturing purposes, and increase the maximum size of those bonds. It would also make changes to the rules for private activity bonds used by first-time farmers, like raising the limit on how much bond money can be u

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would expand the types of facilities that can use tax-exempt bonds for manufacturing purposes, and increase the maximum size of those bonds. It would also make changes to the rules for private activity bonds used by first-time farmers, like raising the limit on how much bond money can be used to buy land.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Modernizing Agricultural and Manufacturing Bonds Act This bill modifies provisions relating to qualified small issue bonds for manufacturing purposes by expanding the definition of manufacturing facility to include a facility that (1) is used in the creation or production of intangible property; or (2) is functionally related, subordinate to, and located on the same site as a facility used in the manufacturing or production of tangible or intangible personal property. The bill also increases from $10 million to $30 million the maximum bond size limitation. The bill modifies requirements for private activity bond financing for first-time farmers. The modified provisions (1) increase from $450,000 to $1 million (adjusted annually for inflation) the amount of bond proceeds that may be used by a first-time farmer to acquire land for farming purposes, (2) repeal the separate dollar limitation on the use of bond proceeds for used farm equipment, and (3) revise the definition of substantial farmland to determine farm size by reference to the average (instead of median) size of a farm in the county in which the farm is located.

Key Points

Main provisions of the bill

Expands the definition of 'manufacturing facility' to include facilities used for creating or producing intangible property, and increases the maximum bond size from $10 million to $30 million
Increases the limit on bond proceeds that first-time farmers can use to acquire land for farming from $450,000 to $1 million (adjusted for inflation), and revises the definition of 'substantial farmland'
Repeals the separate dollar limitation on the use of bond proceeds for used farm equipment

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would primarily benefit manufacturers, especially those working with intangible property, by giving them access to more affordable financing. It would also make it easier for first-time farmers to purchase land and equipment, potentially helping to grow the agricultural sector.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3787, 119th Congress (2025). "Emergency Spending Accountability Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-3787

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.

Related Bills in Taxation

HR 1827

Child Care Availability and Affordability Act

Referred to the House Committee on Ways and Means.

HR 2927

All-Americans Tax Relief Act of 2025

Referred to the House Committee on Ways and Means.

HR 2918

Family Business Legacy Act of 2025

Referred to the House Committee on Ways and Means.

S 1481

LOCAL Infrastructure Act

Read twice and referred to the Committee on Finance.