[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9704 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 9704
To direct the Secretary of Agriculture to make economic assistance
payments to qualifying producers for certain revenue losses with
respect to covered commodities, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 15, 2026
Mr. Figures (for himself and Mr. Thompson of Mississippi) introduced
the following bill; which was referred to the Committee on Agriculture
_______________________________________________________________________
A BILL
To direct the Secretary of Agriculture to make economic assistance
payments to qualifying producers for certain revenue losses with
respect to covered commodities, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Tariff Impacted Farmer Support Act
of 2026''.
SEC. 2. ECONOMIC ASSISTANCE PAYMENTS TO QUALIFYING PRODUCERS.
(a) In General.--Subject to subsection (c), for each of crop years
2025 and 2026, the Secretary of Agriculture shall make economic
assistance payments to qualifying producers for revenue losses with
respect to covered commodities.
(b) Payment Amounts.--
(1) In general.--The Secretary shall make payments to each
qualifying producer under subsection (a) using a formula
determined by the Secretary in accordance with paragraph (2).
(2) Formula for payments.--The formula determined under
paragraph (1) shall--
(A) with respect to a crop year, be based on the
difference between--
(i) the total revenue of a qualifying
producer with respect to covered commodities
for the preceding crop year; minus
(ii) the total revenue of such qualifying
producer with respect to covered commodities
for that crop year; and
(B) ensure that the total amount of payments made
to qualifying producers under subsection (a) does not
exceed the amount of funding specified in subsection
(d).
(c) One-Time Payment Limitation.--A qualifying producer that
receives an economic assistance payment under subsection (a) for
revenue losses with respect to covered commodities for crop year 2025
may not receive a payment under such subsection for revenue losses with
respect to covered commodities for crop year 2026.
(d) Funding.--
(1) In general.--Of the funds of the Commodity Credit
Corporation, the Secretary shall use $15,000,000,000 to carry
out this section in accordance with paragraph (2).
(2) Use of funding.--From the amount of funding specified
in paragraph (1), the Secretary shall use to make payments
under subsection (a)--
(A) $7,500,000,000 for crop year 2025; and
(B) $7,500,000,000 for crop year 2026.
(3) Payment deadlines.--The Secretary shall make payments
under subsection (a)--
(A) not later than November 1, 2026, for crop year
2025; and
(B) not later than November 1, 2027, for crop year
2026.
(e) Definitions.--In this section:
(1) The term ``average adjusted gross income'' means the
average adjusted gross income (as defined in section 1001D of
the Food Security Act of 1985 (7 U.S.C. 1308-3a)) of a person
or legal entity (as defined in section 1001 of such Act (7
U.S.C. 1308)) that derives from covered commodities.
(2) The term ``covered commodity'' means corn, cotton,
peanuts, poultry, or soybeans.
(3) The term ``qualifying producer'' means a producer
that--
(A) has an average adjusted gross income of not
more than $500,000 for--
(i) the crop year for which such producer
seeks a payment under subsection (a); and
(ii) the crop year preceding such crop
year; and
(B) submits to the Secretary documentation of total
revenue for each crop year described in clauses (i) and
(ii) of subparagraph (A), including receipts,
contracts, and any such other records as determined
appropriate by the Secretary.
(4) The term ``total revenue'' means, with respect to a
crop year, the amount equal to--
(A) the average adjusted gross income of a
qualifying producer for such crop year; minus
(B) the cost of production relating to the covered
commodities of such qualifying producer for such crop
year.
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