Bill > S3207

This bill establishes the Foundation for International Food Security to leverage private sector investments in order to improve agricultural productivity, build food systems to mitigate food shocks, help alleviate poverty, reduce malnutrition, and drive economic growth in developing countries. The Foundation will be an independent agency governed by a Board of Directors and a Board of Advisors, and it will provide funding for eligible projects in up to 10 selected countries that demonstrate progress on key performance indicators. The bill authorizes $100 million per year from 2024 to 2033 for the Foundation, with a requirement that the funding be matched by other sources. The Foundation is prohibited from providing support to governments that support terrorism or violate human rights, or to sanctioned persons.