H. R. 1822, also known as the "Access to Credit for our Rural Economy Act of 2025" or the "ACRE Act of 2025," proposes changes to the Internal Revenue Code of 1986. This bill seeks to allow banks, insurance companies, and certain government-related entities to exclude from...
Simple Explanation
H. R. 1822 is a plan that lets banks and other money-related companies avoid paying taxes on the money they earn from loans for farms and rural homes, hoping this will make it easier for people in the countryside to get loans.