American Farmers First Act
Official title: 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 fun… Show full official titleShow less
Official title: 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.
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| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Sep 29, 2006 | Senate · vote #262 | On Passage of the Bill H.R. 6061 | Passed | 80–19 | See who voted → |
| Sep 28, 2006 | Senate · vote #260 | On the Cloture Motion H.R. 6061 | Agreed To | 71–28 | See who voted → |
| Sep 20, 2006 | Senate · vote #252 | On the Cloture Motion H.R. 6061 | Agreed To | 94–0 | See who voted → |
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Subcommittee on General Farm Commodities, Risk Management, and Credit Discharged
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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 6061: American Farmers First Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-6061/
"H.R. 6061: American Farmers First Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-6061/.
H.R. 6061, 119th Cong. (2026), https://openamerica.io/bill/119-HR-6061/.
[H.R. 6061: American Farmers First Act](https://openamerica.io/bill/119-HR-6061/)