What does Preamble of American Farmers First Act do?

This bill, formally titled '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,' aims to restrict the use of the Exchange Stabilization Fund. The bill proposes redirecting funds away from bailing out Argentina's financial markets. Instead, the bill intends to allocate these funds towards a farmer tariff relief package.

What does SHORT TITLE. of American Farmers First Act do?

This bill is formally titled the American Farmers First Act.

What does PROHIBITION ON USE OF EXCHANGE STABILIZATION FUND TO BAIL OUT of American Farmers First Act do?

This section amends Section 5302(b) of Title 31, United States Code. The Exchange Stabilization Fund is prohibited from providing direct or indirect financial support to Argentina. This prohibition includes currency swap lines, the purchase of Argentine pesos or sovereign debt, and the extension of credit instruments. Financial contracts or instruments entered into before the enactment of this paragraph that violate the prohibition must be sold or terminated within 7 days. The prohibition on using the fund to support Argentina terminates on December 10, 2027.

What does FARMER ECONOMIC RELIEF PROGRAM. of American Farmers First Act do?

This section establishes a Farmer Economic Relief Program. The Secretary of the Treasury will allocate proceeds from financial contracts to the Secretary of Agriculture. The Secretary of Agriculture will use these proceeds to provide one-time economic assistance payments to producers. Payments will be made to producers of crops adversely impacted by loss of export markets during the 2025 marketing year.

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American Farmers First Act

Last updated: 1/13/2026 · Introduced: 11/17/2025

Author: April McClain Delaney (D-MD)

TL;DR (AI)

This bill prohibits the U.S. Treasury's Exchange Stabilization Fund from providing financial support to Argentina, including currency swaps and debt purchases.
It establishes a Farmer Economic Relief Program to provide one-time payments to producers of crops negatively affected by export market losses during the 2025 marketing year.
The bill redirects funds previously intended for Argentina's financial markets to support this farmer relief program.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

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