The "American Farmers Act" aims to redirect federal financial resources by prohibiting the use of the Department of the Treasury's Exchange Stabilization Fund for financial support to Argentina. This prohibition specifically includes currency swap lines, the purchase of pesos or sovereign debt, and the extension of credit instruments to Argentina, with the restriction set to expire on December 10, 2027. Furthermore, the bill mandates that any existing financial contracts or instruments with Argentina that violate this prohibition must be sold or terminated within seven days of the bill's enactment. The proceeds generated from these sales or terminations are then to be allocated to the Secretary of Agriculture. These funds will be utilized to establish a Farmer Economic Relief Program , providing one-time economic assistance payments to agricultural producers whose crops were adversely affected by the loss of export markets during the 2025 marketing year.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR H4782)
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR H4782)
Foreign Trade and International Finance
American Farmers First Act
USA119th CongressHR-6061| House
| Updated: 11/19/2025
The "American Farmers Act" aims to redirect federal financial resources by prohibiting the use of the Department of the Treasury's Exchange Stabilization Fund for financial support to Argentina. This prohibition specifically includes currency swap lines, the purchase of pesos or sovereign debt, and the extension of credit instruments to Argentina, with the restriction set to expire on December 10, 2027. Furthermore, the bill mandates that any existing financial contracts or instruments with Argentina that violate this prohibition must be sold or terminated within seven days of the bill's enactment. The proceeds generated from these sales or terminations are then to be allocated to the Secretary of Agriculture. These funds will be utilized to establish a Farmer Economic Relief Program , providing one-time economic assistance payments to agricultural producers whose crops were adversely affected by the loss of export markets during the 2025 marketing year.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR H4782)
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR H4782)