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No Russian Agriculture Act
12/21/2023, 6:30 PM
Summary of Bill HR 4768
Bill 118 hr 4768, also known as the No Russian Agriculture Act, is a piece of legislation introduced in the US Congress that aims to restrict the importation of agricultural products from Russia. The bill was proposed in response to concerns about the impact of Russian agricultural products on the US market, as well as broader geopolitical tensions between the two countries.
If passed, the No Russian Agriculture Act would impose strict limitations on the importation of Russian agricultural goods, including but not limited to fruits, vegetables, grains, and dairy products. The bill would also require increased scrutiny of any Russian agricultural products that are allowed into the US, in order to ensure that they meet safety and quality standards.
Proponents of the bill argue that restricting Russian agricultural imports would protect American farmers and consumers from potentially harmful or substandard products, as well as send a strong message to the Russian government about US disapproval of their actions. However, opponents of the bill raise concerns about the potential impact on international trade relations and the possibility of retaliatory measures from Russia. Overall, the No Russian Agriculture Act is a controversial piece of legislation that highlights the complex interplay between economic, political, and diplomatic considerations in the realm of US agriculture policy. Its fate in Congress remains uncertain as lawmakers continue to debate the merits and drawbacks of the proposed restrictions on Russian agricultural imports.
If passed, the No Russian Agriculture Act would impose strict limitations on the importation of Russian agricultural goods, including but not limited to fruits, vegetables, grains, and dairy products. The bill would also require increased scrutiny of any Russian agricultural products that are allowed into the US, in order to ensure that they meet safety and quality standards.
Proponents of the bill argue that restricting Russian agricultural imports would protect American farmers and consumers from potentially harmful or substandard products, as well as send a strong message to the Russian government about US disapproval of their actions. However, opponents of the bill raise concerns about the potential impact on international trade relations and the possibility of retaliatory measures from Russia. Overall, the No Russian Agriculture Act is a controversial piece of legislation that highlights the complex interplay between economic, political, and diplomatic considerations in the realm of US agriculture policy. Its fate in Congress remains uncertain as lawmakers continue to debate the merits and drawbacks of the proposed restrictions on Russian agricultural imports.
Congressional Summary of HR 4768
No Russian Agriculture Act
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.
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.
Read the Full Bill
Current Status of Bill HR 4768
Bill HR 4768 is currently in the status of Bill Introduced since July 20, 2023. Bill HR 4768 was introduced during Congress 118 and was introduced to the House on July 20, 2023. Bill HR 4768's most recent activity was Placed on the Union Calendar, Calendar No. 266. as of December 19, 2023
Bipartisan Support of Bill HR 4768
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4768
Primary Policy Focus
International AffairsPotential Impact Areas
- Agricultural trade
- Asia
- Buy American requirements
- Competitiveness, trade promotion, trade deficits
- Europe
- Food supply, safety, and labeling
- Grain
- Russia
- U.S. and foreign investments
Alternate Title(s) of Bill HR 4768
No Russian Agriculture Act
No Russian Agriculture Act
No Russian Agriculture 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.
Comments
Sponsors and Cosponsors of HR 4768
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