American Farmers First Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6061 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 6061

     To prohibit the use of the Exchange Stabilization Fund of the 
 Department of the Treasury to bail out Argentina's financial markets, 
 and to instead use that funding to provide for a farmer tariff relief 
                                package.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 17, 2025

Mrs. McClain Delaney (for herself, Ms. Houlahan, Mr. Ivey, Ms. Stevens, 
 and Ms. Salinas) introduced the following bill; which was 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

_______________________________________________________________________

                                 A BILL


 
     To prohibit the use of the Exchange Stabilization Fund of the 
 Department of the Treasury to bail out Argentina's financial markets, 
 and to instead use that funding to provide for a farmer tariff relief 
                                package.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Farmers First Act''.

SEC. 2. PROHIBITION ON USE OF EXCHANGE STABILIZATION FUND TO BAIL OUT 
              ARGENTINA'S FINANCIAL MARKETS.

    Section 5302(b) of title 31, United States Code, is amended--
            (1) by inserting ``(1)'' after ``(b)''; and
            (2) by adding at the end the following:
            ``(2)(A) The fund may not be used to provide direct or 
        indirect financial support to the country of Argentina under 
        paragraph (1), including through the establishment of currency 
        swap lines, the purchase of pesos or sovereign debt of 
        Argentina, or the extension of any credit instrument.
            ``(B) Any financial contract or instrument entered into 
        before the date of the enactment of this paragraph that 
        violates subparagraph (A) shall be sold or terminated not later 
        than 7 days after such date of enactment.
            ``(C) The prohibition under subparagraph (A) terminates on 
        December 10, 2027.''.

SEC. 3. FARMER ECONOMIC RELIEF PROGRAM.

    (a) Allocation of Proceeds.--The Secretary of the Treasury shall 
allocate to the Secretary of Agriculture the proceeds from the sale or 
termination of financial contracts or instruments pursuant to paragraph 
(2)(B) of section 5302(b) of title 31, United States Code, as added by 
this Act.
    (b) Proceeds Used for Farmer Economic Relief.--The Secretary of 
Agriculture shall use the proceeds allocated under subsection (a) to 
make one-time economic assistance payments to producers of each crop 
adversely impacted by loss of export markets during the 2025 marketing 
year for such crop, as determined by the Secretary.
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