No Russian Agriculture Act

Bill: 118-hr-4768
Sponsor: full_name: Rep. Waters, Maxine [D-CA-43]
Introduced: 2023-07-20
Policy area: International Affairs
Subjects: Agricultural trade

Asia

Buy American requirements

Competitiveness, trade promotion, trade deficits

Europe

Food supply, safety, and labeling

Grain

Russia

U.S. and foreign investments
Latest action: action_date: 2024-01-16
text: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Summaries:
action_date: 2023-07-20
action_desc: Introduced in House
text: <p><b>No Russian Agriculture Act</b></p> <p>This bill requires the Department of the Treasury to instruct U.S. representatives to international financial institutions (e.g., the International Monetary Fund) to vote and advocate for such institutions to (1) support projects that decrease reliance on Russia for agricultural commodities, (2) ensure the resilience of global grain supplies, and (3) stimulate private investment in such projects. </p> <p>This requirement shall be repealed at the earlier of (1) five years after this bill's enactment, or (2) 30 days after the President reports to Congress that termination of the requirement is important to U.S. national interest. </p>

action_date: 2023-12-19
action_desc: Reported to House
text: <p><b>No Russian Agriculture Act</b></p> <p>This bill requires the Department of the Treasury to instruct U.S. representatives to international financial institutions (e.g., the International Monetary Fund) to vote and advocate for such institutions to (1) support projects that decrease reliance on Russia for agricultural commodities, (2) ensure the resilience of global grain supplies, and (3) stimulate private investment in such projects. </p> <p>This requirement shall be repealed at the earlier of (1) five years after this bill's enactment, or (2) 30 days after the President reports to Congress that termination of the requirement is important to U.S. national interest. </p>

tv_txt: IIB 118th CONGRESS 2d Session H. R. 4768 IN THE SENATE OF THE UNITED STATES January 16, 2024 Received; read twice and referred to the Committee on Foreign Relations AN ACT To require the Secretary of the Treasury to instruct the United States Executive Directors at the international financial institutions to advocate for investment in projects that decrease reliance on Russia for agricultural commodities.

1. Short title This Act may be cited as the No Russian Agriculture Act . 2. United States advocacy for investment in projects that decrease reliance on Russia for agricultural commodities (a) In general Title XIV of the International Financial Institutions Act (22 U.S.C. 262n-262n-3) is amended by adding at the end the following: 1405. Advocacy for investment in projects that decrease reliance on Russia for agricultural commodities (a) In general The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2)) to use the voice, vote, and influence of the United States, to the maximum extent practicable, to encourage the respective institution to— (1) support projects that decrease the reliance of countries on Russia for agricultural commodities, particularly fertilizer and grain; (2) ensure the resilience of global grain supplies; and (3) stimulate private investment in the projects. (b) Waiver authority The Secretary of the Treasury may waive subsection (a) with respect to a project upon notifying Congress that the waiver is in the national interest of the United States. . (b) Repeal Section 1405 of such Act, as added by this section, is repealed effective on the earlier of— (1) the date that is 5 years after the date of the enactment of this Act; or (2) the date that is 30 days after the date the President reports to the Congress that the termination of such section 1405 is important to the national interest of the United States, with an explanation of the reasons therefor.

Passed the House of Representatives January 12, 2024. Kevin F. McCumber, Clerk.

tv_txt: IB 118th CONGRESS 2d Session H. R. 4768 IN THE HOUSE OF REPRESENTATIVES AN ACT To require the Secretary of the Treasury to instruct the United States Executive Directors at the international financial institutions to advocate for investment in projects that decrease reliance on Russia for agricultural commodities.

1. Short title This Act may be cited as the No Russian Agriculture Act . 2. United States advocacy for investment in projects that decrease reliance on Russia for agricultural commodities (a) In general Title XIV of the International Financial Institutions Act (22 U.S.C. 262n-262n-3) is amended by adding at the end the following: 1405. Advocacy for investment in projects that decrease reliance on Russia for agricultural commodities (a) In general The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2)) to use the voice, vote, and influence of the United States, to the maximum extent practicable, to encourage the respective institution to— (1) support projects that decrease the reliance of countries on Russia for agricultural commodities, particularly fertilizer and grain; (2) ensure the resilience of global grain supplies; and (3) stimulate private investment in the projects. (b) Waiver authority The Secretary of the Treasury may waive subsection (a) with respect to a project upon notifying Congress that the waiver is in the national interest of the United States. . (b) Repeal Section 1405 of such Act, as added by this section, is repealed effective on the earlier of— (1) the date that is 5 years after the date of the enactment of this Act; or (2) the date that is 30 days after the date the President reports to the Congress that the termination of such section 1405 is important to the national interest of the United States, with an explanation of the reasons therefor.

Passed the House of Representatives January 12, 2024. Cheryl L. Johnson, Clerk.

tv_txt: IB Union Calendar No. 266 118th CONGRESS 1st Session H. R. 4768 [Report No. 118–327] IN THE HOUSE OF REPRESENTATIVES July 20, 2023 Ms. Waters (for herself and Mr. Nunn of Iowa ) introduced the following bill; which was referred to the Committee on Financial Services December 19, 2023 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on July 20, 2023 A BILL To require the Secretary of the Treasury to instruct the United States Executive Directors at the international financial institutions to advocate for investment in projects that decrease reliance on Russia for agricultural commodities.

1. Short title This Act may be cited as the No Russian Agriculture Act . 2. United States advocacy for investment in projects that decrease reliance on Russia for agricultural commodities (a) In general Title XIV of the International Financial Institutions Act (22 U.S.C. 262n-262n-3) is amended by adding at the end the following: 1405. Advocacy for investment in projects that decrease reliance on Russia for agricultural commodities (a) In general The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2)) to use the voice, vote, and influence of the United States, to the maximum extent practicable, to encourage the respective institution to— (1) support projects that decrease the reliance of countries on Russia for agricultural commodities, particularly fertilizer and grain; (2) ensure the resilience of global grain supplies; and (3) stimulate private investment in the projects. (b) Waiver authority The Secretary of the Treasury may waive subsection (a) with respect to a project upon notifying Congress that the waiver is in the national interest of the United States. . (b) Repeal Section 1405 of such Act, as added by this section, is repealed effective on the earlier of— (1) the date that is 5 years after the date of the enactment of this Act; or (2) the date that is 30 days after the date the President reports to the Congress that the termination of such section 1405 is important to the national interest of the United States, with an explanation of the reasons therefor.

December 19, 2023 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: I 118th CONGRESS 1st Session H. R. 4768 IN THE HOUSE OF REPRESENTATIVES July 20, 2023 Ms. Waters (for herself and Mr. Nunn of Iowa ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Secretary of the Treasury to instruct the United States Executive Directors at the international financial institutions to advocate for investment in projects that decrease reliance on Russia for agricultural commodities.

1. Short title This Act may be cited as the No Russian Agriculture Act . 2. United States advocacy for investment in projects that decrease reliance on Russia for agricultural commodities (a) In general Title XIV of the International Financial Institutions Act (22 U.S.C. 262n–262n–3) is amended by adding at the end the following: 1405. Advocacy for investment in projects that decrease reliance on Russia for agricultural commodities (a) In general The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2)) to use the voice, vote, and influence of the United States, to the maximum extent practicable, to encourage the respective institution to— (1) support projects that decrease the reliance of countries on Russia for agricultural commodities, particularly fertilizer and grain; (2) ensure the resilience of global grain supplies; and (3) stimulate private investment in the projects. (b) Waiver authority The Secretary of the Treasury may waive subsection (a) in the national interest of the United States. . (b) Repeal Section 1405 of such Act, as added by this section, is repealed effective on the earlier of— (1) the date that is 5 years after the date of the enactment of this Act; or (2) the date that is 30 days after the date the President reports to the Congress that the termination of such section 1405 is important to the national interest of the United States, with an explanation of the reasons therefor.