United States · Bill · HR
H.R. 6061 (119th)
American Farmers First Act
Introduced
17 November 2025
Last action
—
Status
Subcommittee on General Farm Commodities, Risk Management, and Credit Discharged
Sponsors
—
Subjects
Discovery layer
Source updated
5 August 2026
Summary
American Farmers First Act This bill prohibits the use of the Exchange Stabilization Fund (ESF) to provide financial support to Argentina and provides one-time economic assistance payments to certain crop producers. (The ESF is an emergency reserve fund of the Department of the Treasury, originally used for the purpose of maintaining the fixed dollar exchange rate. In October 2025, Treasury announced U.S. financial support for Argentina, including a $20 billion currency swap line financed through the ESF.) Specifically, the bill prohibits the use of the ESF to provide direct or indirect financial support to Argentina, including through the establishment of currency swap lines, the purchase of pesos or sovereign debt of Argentina, or the extension of any credit instrument. This prohibition terminates on December 10, 2027. Any financial contract or instrument that was entered into before the bill's enactment and violates the prohibition must be sold or terminated within seven days of the bill's enactment. Treasury must allocate to the Department of Agriculture (USDA) the proceeds from the sale or termination of financial contracts or instruments pursuant to the bill. USDA must then use the allocated proceeds 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 USDA.
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Documents
2 official files
Introduced in House
Introduced in House
Introduced in House · EN · 17 November 2025
Introduced in House
summary · EN · 17 November 2025
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Sources
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- Official source: https://www.congress.gov/bill/119th-congress/house-bill/6061
- Open data entity: https://api.congress.gov/v3/bill/119/hr/6061