Bill would cut U.S. financial aid to Argentina and redirect funds to farmers

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