[Congressional Record Volume 171, Number 123 (Thursday, July 17, 2025)]
[Senate]
[Pages S4479-S4482]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2942. Mr. COONS (for himself and Mr. Graham) submitted an 
amendment intended to be proposed by him to the bill S. 2296, to 
authorize appropriations for fiscal year 2026 for military activities 
of the Department of Defense, for military construction, and for 
defense

[[Page S4480]]

activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:

       At the end of subtitle A of title XII, add the following:

     SEC. 1210. UNITED STATES FOUNDATION FOR INTERNATIONAL FOOD 
                   SECURITY.

       (a) Short Title.--This section may be cited as the ``United 
     States Foundation for International Food Security Act of 
     2025''.
       (b) Defined Term.--In this section, 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.
       (c) 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 section as the ``Foundation''), which is not an agency 
     or establishment of the United States Government.
       (2) Savings provision.--Nothing in this section 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.
       (d) 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.
       (e) Governance of the Foundation.--
       (1) Board of directors.--
       (A) Governance.--The Foundation shall be governed by a 
     voting Board of Directors (referred to in this subsection as 
     the ``Board'') that--
       (i) shall not exceed 15 members; and
       (ii) may consult with a nonvoting Board of Advisors when 
     making decisions related to the Foundation's work.
       (B) Qualifications.--Individuals appointed to the Board 
     shall include individuals who are knowledgeable and 
     experienced in matters relating to--
       (i) agricultural production, livestock, land management, or 
     forestry;
       (ii) agricultural economics, business development, 
     technology deployment, market access, agribusinesses 
     (including food companies), market access, supply chains, 
     infrastructure, or commodities groups;
       (iii) international finance and multilateral governance;
       (iv) 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;
       (v) agricultural research and development; or
       (vi) national security.
       (C) Limitation on political affiliation.--The Directors of 
     the Board shall include members of both major political 
     parties in a relatively equal number.
       (D) 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.
       (E) Voting.--All voting Directors of the Board shall have 
     equal voting rights.
       (F) Terms; vacancies.--
       (i) 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.
       (ii) 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.

       (G) Quorum.--A majority of the current membership of the 
     Board shall constitute a quorum for the transaction of 
     Foundation business.
       (H) Meetings.--
       (i) In general.--The Board shall meet not less frequently 
     than twice per year.
       (ii) Authority.--The Board shall maintain full control and 
     decision making authority of the Foundation.
       (iii) 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.

       (I) 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.
       (J) 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.
       (K) Duties.--The Board shall--
       (i) establish bylaws for the Foundation;
       (ii) provide overall direction for the activities of the 
     Foundation and establish priority activities;
       (iii) carry out any other necessary activities of the 
     Foundation;
       (iv) hire and evaluate the performance of the Executive 
     Director of the Foundation; and
       (v) take steps to limit the Foundation's administrative 
     expenses to the extent practicable and in accordance with 
     industry standards.
       (L) Bylaws.--The bylaws of the Foundation shall require the 
     Board to establish--
       (i) policies for the selection of Directors of the Board, 
     Members of the Board of Advisors, and officers, employees, 
     agents, and contractors of the Foundation;
       (ii) 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;

       (iii) 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;
       (iv) the specific duties of the Executive Director of the 
     Foundation;
       (v) 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

       (vi) specific policies and requirements governing project 
     criteria, measurable outcomes, impact evaluations, and 
     country eligibility requirements.
       (2) Board of advisors composition.--
       (A) In general.--The nonvoting Board of Advisors may be 
     composed of, at a minimum--
       (i) members of the executive branch of the Federal 
     Government from departments and agencies with expertise that 
     would benefit the Foundation;
       (ii) the Secretary of State, or the Secretary's designee;
       (iii) the Chief Executive Officer of the United States 
     International Development Finance Corporation, or his or her 
     designee; and

[[Page S4481]]

       (iv) 2 deans or other designated faculty members of United 
     States land-grant colleges or universities that have an 
     international agriculture program.
       (B) Duties.--The Board of Advisors shall provide advice and 
     consultation to the Board in accordance with the bylaws of 
     the Foundation.
       (C) Removal.--The Board of Directors may remove an Advisor 
     from the Board of Advisors by majority vote.
       (3) Procedures.--
       (A) Initial meeting.--The Board shall hold its initial 
     meeting not later than 120 days after the date of the 
     enactment of this Act.
       (B) 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.
       (4) Executive director; staff.--
       (A) Executive director.--The Board shall hire a qualified 
     individual to serve, at the pleasure of the Board, as the 
     Executive Director of the Foundation.
       (B) Foundation staff.--Officers and employees of the 
     Foundation--
       (i) may not be employees of, or hold any office in, the 
     United States Government;
       (ii) 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

       (iii) shall receive a salary that is commensurate with the 
     salaries of similar positions in similar foundations.
       (5) Limitation; conflicts of interests.--
       (A) Political participation.--The Foundation may not 
     participate or intervene in any political activities on 
     behalf of any candidate for public office in any country.
       (B) 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.
       (f) Corporate Powers and Obligations of the Foundation.--
       (1) General authorities.--The Foundation--
       (A) may conduct business throughout the States, 
     territories, and possessions of the United States and in 
     foreign countries;
       (B) shall have its principal offices in the Washington, 
     D.C. metropolitan area; and
       (C) shall continuously maintain a designated agent in 
     Washington, D.C. who is authorized to accept notice or 
     service of process on behalf of the Foundation.
       (2) Authorities.--In addition to powers explicitly 
     authorized under this Act, the Foundation, in order to carry 
     out the purposes described in subsection (d), shall have the 
     usual powers of a corporation headquartered in Washington, 
     D.C., including the authority--
       (A) 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;
       (B) to acquire by donation, gift, devise, purchase, or 
     exchange any real or personal property or interest in such 
     property;
       (C) 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;
       (D) 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);
       (E) 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
       (F) 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 subsection 
     (h).
       (3) Federal funds.--
       (A) In general.--The Foundation may--
       (i) hold Federal funds made available, but not immediately 
     disbursed; and
       (ii) use any interest or other investment income earned on 
     such Federal funds to carry out the purposes of the 
     Foundation under this section.
       (B) Limitation.--Investments by the Foundation made with 
     Federal funds may only be made in--
       (i) interest-bearing obligations of the United States; or
       (ii) obligations guaranteed as to both principal and 
     interest by the United States.
       (4) 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.
       (g) Outcome-based Funding, Safeguards, and 
     Accountability.--
       (1) Outcome-based funding.--
       (A) 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--
       (i) identifying and regularly reviewing any such outcomes 
     that advance the purposes described in subsection (d), such 
     as increased crop and animal productivity, increased profit 
     to farmers, or decreased hunger rates; and
       (ii) 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.
       (B) Financing and evaluation process.--The Foundation shall 
     establish an efficient and streamlined financing and 
     evaluation process that--
       (i) prioritizes the achievement of defined outcomes;
       (ii) assesses risk of corruption and employs a strategy to 
     counter corruption;
       (iii) 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

       (iv) focuses venture evaluations on assessing such outcomes 
     and minimizing unnecessary reporting on project activities.
       (2) Accountability.--
       (A) 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.
       (B) 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.
       (C) 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.
       (D) 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.
       (3) 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.
       (4) Independent accountability mechanism.--The Foundation 
     shall establish or contract for a transparent and independent 
     accountability mechanism, consistent with best practices, 
     which shall provide--
       (A) a compliance review function that assesses whether 
     Foundation-supported ventures adhere to the requirements 
     developed pursuant to paragraph (1);
       (B) 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
       (C) an advisory function that reports to the Board 
     regarding ventures, policies, and practices.
       (h) Ventures, Financing, and Grants.--
       (1) Venture funding requirements.--
       (A) In general.--The Foundation shall award funding, which 
     may include project financing, credit risk insurance, grants, 
     concessional lending, or credit, in accordance with this 
     subsection, for eligible projects described in subparagraph 
     (B) that--
       (i) increase agricultural productivity and incomes; and
       (ii) 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.
       (B) Eligible ventures.--A venture qualifies as an eligible 
     venture if the venture seeks--
       (i) to have cost matching from sources other than the 
     United States Government;
       (ii) 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;
       (iii) to not substantially duplicate the work of other 
     funders or institutions or displace current profit-making 
     ventures;
       (iv) to leverage existing infrastructure and community-led 
     development to allow for the immediate launch of ventures;
       (v) to advance the national security interests of the 
     United States;
       (vi) 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

       (vii) to consider projects that meet the highest needs of 
     food insecure populations based on food security, 
     agriculture, and malnutrition assessments.
       (2) Eligible countries for ventures.--Before entering into 
     any venture agreement pursuant to this subsection, the Board 
     shall--
       (A) establish criteria to determine whether a country is 
     eligible to receive funding for such a venture;
       (B) identify ventures to receive support that--
       (i) advance the national security priorities of the United 
     States;

[[Page S4482]]

       (ii) have demonstrated leadership to modernize the 
     country's agricultural food systems, in partnership with the 
     private sector; and
       (iii) 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--

       (aa) to increase agricultural production and crop yields;
       (bb) to scale resilient food systems; and
       (cc) to improve food safety, processing, logistics, and 
     supply chain processes for input and output markets.
       (3) Funding authorized.--
       (A) In general.--In order to maximize the impact of the 
     funding authorized under this subsection, the Foundation 
     should--
       (i) coordinate with other international public and private 
     donors or investors and local organizations active in food 
     security to the extent possible; and
       (ii) seek additional financial and nonfinancial 
     contributions and commitments for its projects from host 
     governments and other organizations.
       (B) Funding criteria.--Funding awarded pursuant to this 
     subsection--
       (i) 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--

       (aa) increasing the production, availability, and access of 
     nutritious foods domestically;
       (bb) promoting highly nutritious foods, diet 
     diversification, and nutritional behaviors that improve 
     maternal and child health; and
       (cc) 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

       (ii) may be terminated if the Board determines that the 
     country receiving such funding--

       (I) is not meeting applicable requirements under this 
     section;
       (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.

       (i) Prohibition of Support in Countries That Support 
     Terrorism or Violate Human Rights and of Support for 
     Sanctioned Persons.--
       (1) 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--
       (A) has repeatedly provided support for acts of 
     international terrorism, as determined under--
       (i) section 1754(c)(1)(A)(i) of the Export Control Reform 
     Act of 2018 (50 U.S.C. 4813(c)(1)(A)(i));
       (ii) section 620A(a) of the Foreign Assistance Act of 1961 
     (22 U.S.C. 2371(a));
       (iii) section 40(d) of the Arms Export Control Act (22 
     U.S.C. 2780(d)); or
       (iv) any other relevant provision of law;
       (B) 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
       (C) 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.
       (2) 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.
       (3) Waiver.--The President may waive the application of 
     paragraphs (1) and (2) 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.
       (j) 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 subsection (g); 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.
       (k) Authorization of Appropriations.--
       (1) 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 subsection (d)
       (2) Cost matching requirement.--Amounts authorized to be 
     appropriated pursuant to paragraph (1) shall be made 
     available, on a cost matching basis, to the maximum extent 
     practicable, from sources other than the United States 
     Government.
       (3) 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 Appropriations 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.
       (4) Prohibition of use of grants for lobbying expenses.--No 
     grant funds provided by the Foundation pursuant to subsection 
     (h) may be used for any activity intended to influence 
     legislation pending before Congress.
                                 ______