A bill to increase the capacity, resiliency, diversity, and security of the United States food supply chain by codifying and expanding the Food Supply Chain Guaranteed Loan Program.
Food Supply Chain Capacity and Resiliency Act
This bill allows the Department of Agriculture (USDA) to expand the Food Supply Chain Guaranteed Loan Program. The program may guarantee loans to support new investments in the start-up or expansion of projects in the United States that will increase U.S. food supply chain capacity to aggregate, process, manufacture, store, transport, wholesale, or distribute food.
In awarding loan guarantees under this bill, USDA must give preference to loans for projects that create jobs in economically distressed communities or to help create a more resilient, diverse, and secure U.S. food supply chain.
USDA must prescribe such regulations as may be necessary to carry out this program.
The bill specifies that USDA must use the amounts made available to carry out this bill to supplement, and not supplant, funds provided under other federal, state, or local law.
Referred to the House Committee on Agriculture.
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line