(ii) value chain and commodity inno-
vation and facility and process updates for 
plant-based proteins producers; 
(iii) product development, packaging, 
and marketing of protein products; and 
(iv) transitioning from a livestock or 
dairy-based production to a plant-based 
food product-based production. 
(B) GRANT
AMOUNTS.—Grants provided 
under 
this 
paragraph 
shall 
not 
exceed 
$500,000, unless a greater amount is approved 
by the Secretary. 
(4) CONFLICT
OF
INTEREST.—The Secretary 
shall establish guidelines and procedures to prevent 
any conflict of interest or the appearance of a con-
flict of interest by an initiative (including a partner 
of the initiative) with respect to providing funding 
under paragraph (1) or (3). An initiative shall agree, 
as a condition on the receipt of funds under this sec-
tion, to comply with such guidelines and procedures. 
(5) PRIORITY.—In providing direct assistance 
under paragraph (1) and grants under paragraph 
(3), an initiative shall give priority to— 
(A) producers of plant-based food products 
with limited access to other forms of assistance; 
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(B) employee-owned businesses; 
(C) minority-owned and other businesses 
owned by members of historically disadvantaged 
communities; 
(D) cooperatives; 
(E) producers of plant-based food products 
that add substantial value in processing or mar-
keting, such as whole-cut products and specialty 
products; and 
(F) institutions of higher education that 
primarily serve minorities. 
(6) REQUIREMENT.—A foreign person making 
a direct investment (as those terms are defined in 
section 801.2 of title 15, Code of Federal Regula-
tions (or successor regulations)) in the United 
States is not eligible to receive direct assistance 
under subsection (f)(1) or a grant under subsection 
(f)(3). 
(f) DISTRIBUTION OF FUNDS.— 
(1) MULTIYEAR
FUNDING
ALLOCATIONS.—In 
distributing funds made available to carry out this 
section, the Secretary shall seek to make awards in 
multiyear funding allocations. 
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(2) USE OF FUNDS.—Not less than 50 percent 
of the funds made available under subsection (i) 
shall be allocated to grants under subsection (f)(3). 
(g) REPORT.—Not later than January 31, 2027, the 
Secretary shall submit to Congress a report on— 
(1) the outcomes of the initiatives under this 
section; and 
(2) any related activities and opportunities that 
the Secretary may pursue to further increase protein 
innovation. 
(h) ANIMAL PROTEIN CHECKOFF PROGRAM DE-
FINED.—In this section, the term ‘‘animal protein check-
off program’’ means a commodity promotion program 
under a commodity promotion law (as defined in section 
501 of the Federal Agriculture Improvement and Reform 
Act of 1996 (7 U.S.C. 7401)) with respect to commodities 
consisting of, or produced using animal proteins. 
(i) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to carry out this section 
$50,000,000 for each of fiscal years 2023 through 2028. 
Æ 
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