Congress·In Committee·S. 2100

Modernizing Agricultural and Manufacturing Bonds Act

Congress Raises Tax-Advantaged Bond Limits for Manufacturers and First-Time Farmers

6 months ago·View on Congress.gov·Read full text

Legislative Progress

Senate

House

President

Law

Key Points

Raises the cap on certain tax-advantaged manufacturing bonds from $10 million to $30 million, and boosts the per-taxpayer limit from $40 million to $120 million.
Broadens what counts as a “manufacturing facility” to include making certain intangible products and some related on-site support buildings, with limits on how much bond money can go to extras.
Adds annual inflation adjustments after 2025 so the new bond limits can rise over time instead of staying fixed.
Expands bond financing options for first-time farmers by raising the dollar limit for qualifying property from $450,000 to $1,000,000 and removing a separate lower cap for used farm equipment.
Changes how “substantial farmland” is measured (using average farm size instead of median) and sets most farm-related changes to start for bonds issued after Dec. 31, 2025.

TaxesAgricultureSmall BusinessEconomy

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Positive Impacts(1)

Farmer Rancher

Helps

Milestones

3 milestones3 actions

Jan 14, 2026Senate

Committee on Small Business and Entrepreneurship. Hearings held.

Jun 17, 2025Senate

Read twice and referred to the Committee on Finance.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jun 17, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

Related News

2 articles

The Bond Buyer·about 1 year ago

MAMBA revived in Senate

Covers the Senate reintroduction of the Modernizing Agricultural and Manufacturing Bonds Act, detailing higher caps for small-issue manufacturing bonds and expanded first-time farmer (Aggie Bond) rules.

Center

Brownfield Ag News·about 1 year ago

Ernst touts MAMBA Act, seeks opportunities for first-time farmers

Interview-style coverage of the bill’s changes to Aggie Bonds and manufacturing bond limits, emphasizing higher caps and removal of older restrictions for beginning farmers.

Center Right

Source Information

Document Type

Congressional Bill

Official Title

Modernizing Agricultural and Manufacturing Bonds Act

Bill NumberS 2100

Congress119th Congress

ChamberSenate

Latest ActionCommittee on Small Business and Entrepreneurship. Hearings held.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(2)

D: 1R: 1

Analysis generated by AI. Always verify with official sources.