H.R. 3139 · 118th Congress · 2023–2024
ACRE Act of 2023
H.R. 3139 in the 118th Congress (2023–2024) was introduced on May 9, 2023, sponsored by Randy Feenstra with 68 co-sponsors.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- May 9, 2023
- Co-sponsors
- 68
- Policy area
- Taxation
What it does
Access to Credit for our Rural Economy Act of 2023 or the ACRE Act of 2023 This bill excludes from the gross income of certain financial lending institutions, for income tax purposes, interest received on loans secured by rural or agricultural real estate.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Randy Feenstra (R-IA). Co-sponsors: 21 Democrats, 47 Republicans.
Where it stands
- IntroducedMay 9, 2023
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (May 9, 2023)
More bills from Randy Feenstra in the 118th Congress
Other Taxation bills in the 118th Congress
- H.R. 1432: VETT Act
- H.R. 5863: Federal Disaster Tax Relief Act of 2023
- H.R. 3797: Paperwork Burden Reduction Act
- H.R. 3801: Employer Reporting Improvement Act
- H.R. 190: Saving Gig Economy Taxpayers Act
- H.R. 329: American Workforce Empowerment Act
- H.R. 531: Educational Choice for Children Act
- S. 596: Military Spouse Hiring Act
- H.R. 700: Supply Chain Disruptions Relief Act
- H.R. 812: Inflation Reduction Act of 2023
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 3139 (118th Congress): ACRE Act of 2023,” https://www.capitolreceipts.com/bill/118-hr-3139/acre-act-of-2023 (accessed 2026-10-17).