MARKET Act of 2026
Sponsored By: Senator Ricketts, Pete [R-NE]
Introduced
Summary
Reduce U.S. dependency on agricultural exports to foreign adversaries. The bill would require the Agriculture Secretary, working with the U.S. Trade Representative, to publish annual assessments of U.S. reliance on exports of key commodities and to identify alternative nonadversarial markets.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Annual report on risky farm export markets
If enacted, the Secretary of Agriculture would publish a yearly report, coordinated with the U.S. Trade Representative, to the House and Senate agriculture committees on U.S. dependence on export markets for farm goods. The reports would cover any U.S. agricultural export and would specifically list soybeans, corn, beef, chicken, pork, tree nuts, sorghum, cotton, and dairy. Each report would identify markets at risk from "foreign adversaries," assess alternative nonadversarial markets, and recommend steps to reduce reliance on risky markets. The bill would let the Secretary name additional countries as foreign adversaries, require that private data be voluntary and kept confidential or only shown in aggregate, and allow the Secretary to stop the reports once markets are judged sufficiently diversified.
Sponsors & CoSponsors
Sponsor
Ricketts, Pete [R-NE]
NE • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov