H.R. 6061In committeeSecurity & foreign affairs
Bill would cut U.S. financial aid to Argentina and redirect funds to farmers
Data as of July 11, 2026
HR 6061 blocks U.S. Treasury's Exchange Stabilization Fund from supporting Argentina and sends returned funds to American farmers as one-time payments.55-second read · 5 questions answered below
Decoded
What does this do?
HR 6061 would prohibit the U.S. Treasury Department's Exchange Stabilization Fund from entering any new financial deals with Argentina and would require existing deals to be unwound within 7 days of enactment. The prohibition would remain in effect until December 10, 2027. Money recovered from those unwound deals would be transferred to the U.S. Department of Agriculture and paid out as one-time relief checks to American farmers.
Who does it affect?
American farmers who lost overseas buyers for their crops during the 2025 crop marketing year are the primary intended recipients. The Treasury Department's authority to operate the Exchange Stabilization Fund would also be directly constrained.
Why does it matter?
The Agriculture Secretary would determine which crops qualify based on which ones experienced a drop in exports during 2025. U.S.-Argentina financial relationships and farm commodity prices can have broader effects on food supply chains over time.
What does it cost, and who pays?
- Source is unwound Argentina ESF deals
- One-time payments to qualifying farmers
- Distributed through Dept. of Agriculture
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
American Farmers First Act
- Introduced:
- November 17, 2025
- Latest action:
- January 13, 2026
Subcommittee on General Farm Commodities, Risk Management, and Credit Discharged
Read the official bill on Congress.govMake the call
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