Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-6061119th CongressWALLET
American Farmers First Act
Sponsored By: Representative McClain Delaney, April [D-MD-6]
In Committee
Summary
Bars the Exchange Stabilization Fund from supporting Argentina. It redirects any proceeds from ending contracts that violate that ban into a new Farmer Economic Relief Program.
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- Farmers: Producers of crops that lose export markets during the 2025 marketing year are eligible for one-time economic assistance payments funded from those proceeds.
- Treasury and Agriculture: The Treasury must sell or terminate any pre-existing contracts that violate the ban within 7 days and allocate the sale proceeds to the Department of Agriculture.
- Argentina and finance tools: The prohibition covers direct and indirect support to Argentina, including currency swap lines, purchases of pesos or Argentine sovereign debt, and extensions of credit. The ban ends on December 10, 2027.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
One-time crop payments for farmers
This bill would bar the Treasury's Exchange Stabilization Fund from providing direct or indirect support to Argentina. That ban would include currency swap lines, buying pesos or Argentine debt, and extending credit instruments. Any violating ESF contracts made before enactment would have to be sold or ended within seven days after enactment. Proceeds from those sales would go to the Department of Agriculture and be used for one-time payments to crop producers. The payments would go to producers of crops the Secretary of Agriculture finds were harmed by lost export markets. That harm must be during the 2025 marketing year for that crop. The ESF prohibition would end on December 10, 2027.
Sponsors & CoSponsors
Sponsor
McClain Delaney, April [D-MD-6]
MD • D
Cosponsors
Rep. Houlahan, Chrissy [D-PA-6]
PA • D
Sponsored 11/17/2025
Rep. Ivey, Glenn [D-MD-4]
MD • D
Sponsored 11/17/2025
Rep. Stevens, Haley M. [D-MI-11]
MI • D
Sponsored 11/17/2025
Rep. Salinas, Andrea [D-OR-6]
OR • D
Sponsored 11/17/2025
Rep. Riley, Josh [D-NY-19]
NY • D
Sponsored 11/18/2025
Rep. Mannion, John W. [D-NY-22]
NY • D
Sponsored 11/18/2025
Rep. Mfume, Kweisi [D-MD-7]
MD • D
Sponsored 11/19/2025
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 12/9/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov