Bill > HR6061

This bill, called the "American Farmers Act," would prohibit the U.S. Treasury's Exchange Stabilization Fund (ESF) from providing any direct or indirect financial support to Argentina, such as establishing currency swap lines, purchasing Argentine pesos or sovereign debt, or extending credit instruments. Any existing financial contracts that would violate this prohibition must be sold or terminated within 7 days of the bill's enactment, with the prohibition set to expire on December 10, 2027. Instead of using ESF funds to support Argentina's financial markets, the bill would require the Treasury Secretary to allocate the proceeds from the sale or termination of these financial contracts to the Secretary of Agriculture. The Department of Agriculture would then use these funds to provide one-time economic assistance payments to producers of crops that have experienced export market losses during the 2025 marketing year, with the specific crops and payment amounts to be determined by the Secretary of Agriculture. This legislation aims to redirect potential financial bailout funds toward supporting American farmers who have been negatively impacted by international trade challenges.

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https://www.congress.gov/bill/119th-congress/house-bill/6061/all-info