Short title; table of contents

(a)

Short title

This Act may be cited as the

United States Foundation for International Food Security Act of 2025

.(b)

Table of contents

The table of contents for this Act is as follows:

Sec. 1. Short title; table of contents.

Sec. 2. Definitions.

Sec. 3. United States Foundation for International Food Security.

Sec. 4. Governance of the Foundation.

Sec. 5. Corporate powers and obligations of the Foundation.

Sec. 6. Outcome-based funding, safeguards, and accountability.

Sec. 7. Ventures, financing, and grants.

Sec. 8. Prohibition of support in countries that support terrorism or violate human rights and of support for sanctioned persons.

Sec. 9. Annual report.

Sec. 10. Authorization of appropriations.

Definitions

In this Act, the term appropriate congressional committees means—(1)the Committee on Foreign Relations of the Senate;(2)the Committee on Agriculture, Nutrition, and Forestry of the Senate;(3)the Committee on Appropriations of the Senate;(4)the Committee on Foreign Affairs of the House of Representatives;(5)the Committee on Agriculture of the House of Representatives; and(6)the Committee on Appropriations of the House of Representatives.

United States Foundation for International Food Security

(a)

Establishment

(1)

Finding

Congress finds that there has been established, in the District of Columbia, a private, nonprofit corporation, which is known as the United States Foundation for International Food Security (referred to in this Act as the “Foundation”), which is not an agency or establishment of the United States Government.(2)

Savings provision

Nothing in this Act may be construed as—(A)making the Foundation an agency or establishment of the United States Government; or(B)making any member of the Board of Directors of the Foundation or any officer or employee of the Foundation an employee of the United States.(3)

Transfers or consolidation require act of congress

Neither the Foundation nor any of its functions, powers, or duties may be transferred to, or consolidated with, any department, agency, or entity of the Federal Government absent an Act of Congress to such effect.(4)

Tax-exempt status

The Board shall take all necessary and appropriate steps to ensure that the Foundation is established as an organization described in subsection (c) of section 501 of the Internal Revenue Code of 1986, which exempts the organization from taxation under subsection (a) of such section.(b)

Purposes

The purposes of the Foundation are—(1)to accelerate enduring, primarily locally led agriculture investments that foster food security and resilience in the crop, poultry, aquaculture, and livestock industries, that focus on building economically resilient food systems by investing in—(A)financing for, distribution of, and training around key inputs required for increasing crop and animal productivity, distribution, and profits;(B)infrastructure, such as irrigation, warehousing, storage, and food processing, to improve food production and market access through better product quality and the prevention of food loss;(C)applied agricultural research; and(D)economically viable technology deployment that reduces hunger and increases agriculture production or distribution methods;(2)to prevent unnecessary or inefficient vetting processes, due diligence, project financing, or evaluation reviews by seeking out partnerships and contracting with existing government and nongovernmental entities that have proven track records;(3)to deploy and scale technology and innovation to accelerate food security and agricultural-led economic growth that reduces global hunger and malnutrition;(4)to coordinate with the United States Foundation for International Conservation;(5)to advance the national security interests of the United States;(6)to complement international and government investment and technical assistance mechanisms, such as those employed or managed by the United States International Development Finance Corporation, and United States Government food security programs, to jointly catalyze private and public sector engagement, spur agricultural-led economic growth, and strengthen local food and nutrition systems; and(7)to ensure the effective use of United States taxpayer dollars and the prioritization of United States foreign policy interests.

Governance of the Foundation

(a)

Board of Directors

(1)

Governance

The Foundation shall be governed by a voting Board of Directors (referred to in this section as the Board) that—(A)shall not exceed 15 members; and(B)may consult with a nonvoting Board of Advisors when making decisions related to the Foundation’s work.(2)

Qualifications

Individuals appointed to the Board shall include individuals who are knowledgeable and experienced in matters relating to—(A)agricultural production, livestock, land management, or forestry;(B)agricultural economics, business development, technology deployment, market access, agribusinesses (including food companies), market access, supply chains, infrastructure, or commodities groups;(C)international finance and multilateral governance;(D)outcome-based and impact funding concepts, including the role of impact evaluations and data collection, to measure the progress of ventures, and innovative grantee or investee selection and funding structures;(E)agricultural research and development; or(F)national security.(3)

Limitation on political affiliation

The Directors of the Board shall include members of both major political parties in a relatively equal number.(4)

Chairperson

A quorum of the voting Directors of the Board shall elect a Chairperson, who shall serve in such position for a 4-year term.(5)

Voting

All voting Directors of the Board shall have equal voting rights.(6)

Terms; vacancies

(A)

Terms

The term of service of each Director may not exceed 5 years and is renewable for not more than 1 additional 5-year term.(B)

Vacancies

Any vacancy in the membership of the appointed Directors of the Board—(i)shall be filled in accordance with the bylaws of the Foundation;(ii)does not affect the power of the remaining appointed Directors to execute the duties of the Board; and(iii)shall be filled by an individual selected in accordance with the bylaws of the Board.(7)

Quorum

A majority of the current membership of the Board shall constitute a quorum for the transaction of Foundation business.(8)

Meetings

(A)

In general

The Board shall meet not less frequently than twice per year.(B)

Authority

The Board shall maintain full control and decision-making authority of the Foundation.(C)

Removal

Any Director may be removed from the Board if—(i)the Director is absent from 2 consecutive regularly scheduled meetings without reasonable cause; or(ii)the Board, by a majority vote of the other Board members, determines that such Director should be removed from the Board.(9)

Reimbursement of expenses

Directors of the Board shall serve without pay, but may be reimbursed for the actual and necessary traveling and subsistence expenses incurred by such members in the performance of their duties on behalf of the Foundation.(10)

Not Federal employees

Appointment as a Director of the Board shall not constitute employment by, or the holding of an office of, the United States Government for purposes of any Federal law.(11)

Duties

The Board shall—(A)establish bylaws for the Foundation;(B)provide overall direction for the activities of the Foundation and establish priority activities;(C)carry out any other necessary activities of the Foundation;(D)hire and evaluate the performance of the Executive Director of the Foundation; and(E)take steps to limit the Foundation’s administrative expenses to the extent practicable and in accordance with industry standards.(12)

Bylaws

The bylaws of the Foundation shall require the Board to establish—(A)policies for the selection of Directors of the Board, Members of the Board of Advisors, and officers, employees, agents, and contractors of the Foundation;(B)policies, including ethical standards, for—(i)the acceptance, solicitation, and disposition of donations and grants to the Foundation; and(ii)the use and disposition of the assets of the Foundation;(C)policies that subject all employees, fellows, trainees, and other agents of the Foundation (including all of the Directors of the Board and all of the Members of the Board of Advisors) to prevailing conflict of interest standards for the industry;(D)the specific duties of the Executive Director of the Foundation;(E)policies for winding down the activities of the Foundation upon termination, including a plan—(i)to return unobligated appropriations to the Department of the Treasury; and(ii)to donate unspent private and philanthropic contributions to projects that align with the goals and requirements described in this Act; and(F)specific policies and requirements governing project criteria, measurable outcomes, impact evaluations, and country eligibility requirements.(b)

Board of Advisors composition

(1)

In general

The nonvoting Board of Advisors may be composed of, at a minimum—(A)members of the executive branch of the Federal Government from departments and agencies with expertise that would benefit the Foundation;(B)the Secretary of State, or the Secretary's designee;(C)the Chief Executive Officer of the United States International Development Finance Corporation, or his or her designee; and(D)2 deans or other designated faculty members of United States land-grant colleges or universities that have an international agriculture program.(2)

Duties

The Board of Advisors shall provide advice and consultation to the Board in accordance with the bylaws of the Foundation.(3)

Removal

The Board of Directors may remove an Advisor from the Board of Advisors by majority vote.(c)

Procedures

(1)

Initial meeting

The Board shall hold its initial meeting not later than 120 days after the date of the enactment of this Act.(2)

Organizing principles; appointment of executive director

The Directors of the Board shall name an Executive Director of the Foundation not later than 120 days after the date of the initial meeting of the Board.(d)

Executive Director; staff

(1)

Executive director

The Board shall hire a qualified individual to serve, at the pleasure of the Board, as the Executive Director of the Foundation.(2)

Foundation staff

Officers and employees of the Foundation—(A)may not be employees of, or hold any office in, the United States Government;(B)shall be appointed without regard to the provisions of—(i)title 5, United States Code, governing appointments in the competitive service; and(ii)chapter 51 and subchapter III of chapter 53 of such title, relating to classification and General Schedule pay rates; and(C)shall receive a salary that is commensurate with the salaries of similar positions in similar foundations.(e)

Limitation; conflicts of interests

(1)

Political participation

The Foundation may not participate or intervene in any political activities on behalf of any candidate for public office in any country.(2)

Financial interests

All Directors of the Board, Advisors, officers, and employees of the Foundation are subject to industry standard conflicts of interest protocols set forth in the Foundation bylaws.

Corporate powers and obligations of the Foundation

(a)

General authorities

The Foundation—(1)may conduct business throughout the States, territories, and possessions of the United States and in foreign countries;(2)shall have its principal offices in the Washington, DC, metropolitan area; and(3)shall continuously maintain a designated agent in Washington, DC, who is authorized to accept notice or service of process on behalf of the Foundation.(b)

Authorities

In addition to powers explicitly authorized under this Act, the Foundation, in order to carry out the purposes described in section 3(b), shall have the usual powers of a corporation headquartered in Washington, DC, including the authority—(1)to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, or real or personal property or any income derived from such gift or property, or other interest in such gift or property;(2)to acquire by donation, gift, devise, purchase, or exchange any real or personal property or interest in such property;(3)unless otherwise required by the instrument of transfer, to sell, donate, lease, invest, reinvest, retain, or otherwise dispose of any property or income derived from such property;(4)to complain and defend itself in any court of competent jurisdiction (except that the Directors of the Board shall not be personally liable, except for gross negligence);(5)to enter into legal arrangements with public agencies, private organizations, and persons and to make such payments as may be necessary to carry out the purposes of such contracts or arrangements; and(6)to engage in funding activities, which may include structured or project financing, grants, equity (provided that returns flow back to the Foundation), and concessional lending, for eligible projects, in accordance with section 7.(c)

Federal funds

(1)

In general

The Foundation may—(A)hold Federal funds made available, but not immediately disbursed; and(B)use any interest or other investment income earned on such Federal funds to carry out the purposes of the Foundation under this Act.(2)

Limitation

Investments by the Foundation made with Federal funds may only be made in—(A)interest-bearing obligations of the United States; or(B)obligations guaranteed as to both principal and interest by the United States.(d)

Limitation of public liability

The United States shall not be liable for any debts, defaults, acts, or omissions of the Foundation. The Federal Government shall be held harmless from any damages or awards ordered by a court against the Foundation.

Outcome-based funding, safeguards, and accountability

(a)

Outcome-Based funding

(1)

In general

The Foundation shall establish a funding strategy that sets targets based on measurable outcomes to be improved in populations served through its investments, including—(A)identifying and regularly reviewing any such outcomes that advance the purposes described in section 3(b), such as increased crop and animal productivity, increased profit to farmers, or decreased hunger rates; and(B)a portfolio, multi-year, approach to Foundation investments in which the failure of any specific program to achieve target outcomes is acceptable if the overall portfolio of projects meets target outcomes.(2)

Financing and evaluation process

The Foundation shall establish an efficient and streamlined financing and evaluation process that—(A)prioritizes the achievement of defined outcomes;(B)assesses risk of corruption and employs a strategy to counter corruption;(C)prioritizes funding ventures with partners that are primarily locally based or locally run organizations, entities, and businesses that—(i)achieve such outcomes; and(ii)demonstrate an ability to sustain the financed project; and(D)focuses venture evaluations on assessing such outcomes and minimizing unnecessary reporting on project activities.(b)

Accountability

(1)

Impact evaluations

The achievement of venture outcomes shall be determined through impact evaluations that include a comparison group to determine any measured improvements that are attributable to the funded venture.(2)

Methodology assessments

Foundation staff may assess the methodology used by grantees or investees that are already running impact evaluations to increase efficiency, and such evaluations may be accepted in place of additional evaluations.(3)

Dedicated funding

Any grantee or investee that lacks impact evaluation capacity may receive dedicated funding to support in-house evaluations or to contract with independent, external evaluators.(4)

Third-party evaluations

The Foundation may pay for third-party evaluations of any grantee's project to verify the results derived from an in-house evaluation.(c)

Safeguards

The Foundation shall develop, and incorporate into any agreement for support provided by the Foundation, appropriate safeguards, policies, and guidelines, consistent with internationally recognized best practices.(d)

Independent accountability mechanism

The Foundation shall establish or contract for a transparent and independent accountability mechanism, consistent with best practices, which shall provide—(1)a compliance review function that assesses whether Foundation-supported ventures adhere to the requirements developed pursuant to subsection (a);(2)a dispute resolution function for resolving and remedying concerns between venture implementers regarding the impacts of specific Foundation-supported ventures with respect to such standards; and(3)an advisory function that reports to the Board regarding ventures, policies, and practices.

Ventures, financing, and grants

(a)

Venture funding requirements

(1)

In general

The Foundation shall award funding, which may include project financing, credit risk insurance, grants, concessional lending, or credit, in accordance with this section, for eligible projects described in paragraph (2) that—(A)increase agricultural productivity and incomes; and(B)ensure food security is achieved and sustained, while supporting farmers moving beyond subsistence agriculture to growing higher value crops that can be sold for profit.(2)

Eligible ventures

A venture qualifies as an eligible venture if the venture seeks—(A)to have cost matching from sources other than the United States Government;(B)to incorporate a set of key independently verified outcomes, which shall be measured by rigorous impact evaluations, such as measuring attributable increases in agricultural yields, infrastructure, or any other eligible use;(C)to not substantially duplicate the work of other funders or institutions or displace current profit-making ventures;(D)to leverage existing infrastructure and community-led development to allow for the immediate launch of ventures;(E)to advance the national security interests of the United States;(F)to demonstrate—(i)the ability to financially and operationally maintain and build on the outcomes or mission of the venture after the Foundation funding has ended; or(ii)a plan to strengthen the capacity of, and transfer skills and technologic tools to, local enterprises, organizations, or institutions to manage projects and other funded entities after the Foundation funding has been expended; and(G)to consider projects that meet the highest needs of food insecure populations based on food security, agriculture, and malnutrition assessments.(b)

Eligible countries for ventures

Before entering into any venture agreement pursuant to this section, the Board shall—(1)establish criteria to determine whether a country is eligible to receive funding for such a venture; and(2)identify ventures to receive support that—(A)advance the national security priorities of the United States;(B)have demonstrated leadership to modernize the country's agricultural food systems, in partnership with the private sector; and(C)are committed—(i)to making policy reforms to help transform, scale, and build enduring food systems;(ii)to cofinancing and sustaining long-term projects implemented by the Foundation; and(iii)to collaborating with stakeholders—(I)to increase agricultural production and crop yields;(II)to scale resilient food systems; and(III)to improve food safety, processing, logistics, and supply chain processes for input and output markets.(c)

Funding authorized

(1)

In general

In order to maximize the impact of the funding authorized under this section, the Foundation should—(A)coordinate with other international public and private donors or investors and local organizations active in food security to the extent possible; and(B)seek additional financial and nonfinancial contributions and commitments for its projects from host governments and other organizations.(2)

Funding criteria

Funding awarded pursuant to this section—(A)shall be provided to ventures that demonstrate progress, during the funding period, in achieving clearly identified performance indicators and outcomes defined in the project agreement, which may include—(i)increasing agricultural or food production through agriculture research and the competitive delivery of market-based financing, distribution and extension services, and supporting technology commercialization and adoption through such services;(ii)improving the nutritional status of intended beneficiaries by—(I)increasing the production, availability, and access of nutritious foods domestically;(II)promoting highly nutritious foods, diet diversification, and nutritional behaviors that improve maternal and child health; and(III)supporting the expansion of producer market opportunities;(iii)building resilient food systems to help mitigate against future food shocks among vulnerable populations and households; and(iv)identifying additional revenue sources or financing mechanisms to meet the recurring costs of ventures by serving as a conduit between institutional investors and the agribusiness sector; and(B)may be terminated if the Board determines that the country receiving such funding—(i)is not meeting applicable requirements under this Act;(ii)is not making progress in achieving the key performance indicators described in the project agreement; or(iii)is not advancing United States national security priorities.

Prohibition of support in countries that support terrorism or violate human rights and of support for sanctioned persons

(a)

In general

The Foundation may not provide support for any government, or any entity owned or controlled by a government, if the Secretary of State determines that such government—(1)has repeatedly provided support for acts of international terrorism, as determined under—(A)section 1754(c)(1)(A)(i) of the Export Control Reform Act of 2018 (50 U.S.C. 4813(c)(1)(A)(i));(B)section 620A(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 2371(a));(C)section 40(d) of the Arms Export Control Act (22 U.S.C. 2780(d)); or(D)any other relevant provision of law;(2)has repeatedly engaged with any organizations designated as foreign terrorist organizations by the Secretary in accordance with section 219 of the Immigration and Nationality Act (8 U.S.C. 1189); or(3)has engaged in a consistent pattern of gross violations of human rights, as determined under section 116(a) or 502B(a)(2) of the Foreign Assistance Act of 1961 (22 U.S.C. 2151n(a) and 2304(a)(2)) or any other relevant provision of law.(b)

Prohibition of support for sanctioned persons

The Foundation may not engage in any dealing prohibited under United States sanctions laws or regulations, including dealings with persons on the list of specially designated persons and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury, except to the extent otherwise authorized by the Secretary of State or the Secretary of the Treasury.(c)

Waiver

The President may waive the application of subsections (a) and (b) with respect to any government, or any entity owned or controlled by a government, by notifying the appropriate congressional committees of the intention to exercise such waiver not later than 45 days before the waiver is scheduled to take effect.

Annual report

Not later than 2 years after the date of the enactment of this Act, and annually thereafter by March 31st of any year during which the Foundation is operational, the Executive Director of the Foundation shall submit to the appropriate congressional committees a report that—(1)has been approved by the Board of Directors;(2)contains the expectations of the year ahead; and(3)describes—(A)the goals of the Foundation for the upcoming year, including areas to increase operational efficiency and further advance United States policy objectives and national security;(B)lessons learned and best practices developed through projects funded by the Foundation during the prior fiscal year;(C)a project-specific and a portfolio-level report describing—(i)the progress achieved against key performance indicators and the outcomes described in section 6, and(ii)how such progress will benefit the American taxpayer;(D)an assessment of—(i)whether the grant making and financing processes are effective and expeditious;(ii)how any necessary additional efficiencies can be built into future project selection; and(iii)whether project evaluations are successfully measuring outcomes;(E)how the funding and selected projects authorized under this Act were publicized in the selected country to expand recognition for the United States; and(F)an annual financial report from an independent auditor.

10.

Authorization of appropriations

(a)

In general

Using funds appropriated to the Department of State to carry out chapter 4 of part II of the Foreign Assistance Act of 1961 (22 U.S.C. 2346 et seq.), the Secretary of State is authorized to award an annual grant to the Foundation to enable the Foundation to carry out the purposes specified in section 3(b).(b)

Cost matching requirement

Amounts authorized to be appropriated pursuant to subsection (a) shall be made available, on a cost matching basis, to the maximum extent practicable, from sources other than the United States Government.(c)

Consultation requirement

Not later than 180 days after the date of the enactment of this Act, the Secretary of State and the Executive Director of the Foundation shall consult with the Committee on Appropriations of the Senate, the Committee on Foreign Relations of the Senate, the Committee on Agriculture, Nutrition, and Forestry of the Senate, the Committee on Appropriations of the House of Representatives, the Committee on Agriculture of the House of Representatives and the Committee on Foreign Affairs of the House of Representatives regarding the implementation of this Act and the proposed activities of the Foundation.(d)

Prohibition of use of grants for lobbying expenses

No grant funds provided by the Foundation pursuant to section 7 may be used for any activity intended to influence legislation pending before Congress.