Fertilizer Research Act of 2023

Hozzl · 2024-01-03T10:45:14Z

Explore the details of Senate Bill 3471 Fertilizer Research Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

1/3/2024, 10:45 AM

Summary of Bill S 3471

Bill 118 s 3471, also known as the Fertilizer Research Act of 2023, is a piece of legislation introduced in the US Congress with the aim of promoting research and development in the field of fertilizers. The bill seeks to address the growing need for sustainable and efficient agricultural practices by investing in innovative fertilizer technologies.

The Fertilizer Research Act of 2023 proposes the establishment of a grant program to fund research projects focused on improving the production, distribution, and use of fertilizers. These projects would aim to develop new fertilizers that are more environmentally friendly, cost-effective, and efficient in promoting plant growth.

Additionally, the bill calls for the creation of a task force comprised of experts in the fields of agriculture, chemistry, and environmental science to oversee the grant program and provide guidance on research priorities. The task force would also be responsible for evaluating the impact of the research projects funded by the grant program and making recommendations for future funding. Overall, the Fertilizer Research Act of 2023 aims to support the development of sustainable agricultural practices through investment in innovative fertilizer technologies. By promoting research and development in this critical area, the bill seeks to enhance the productivity and sustainability of the US agricultural sector.

Congressional Summary of S 3471

Fertilizer Research Act of 2023

This bill directs the Department of Agriculture to publish on the department's website a report on the U.S. fertilizer industry. Among other things, the report must include

a description of the impacts on the fertilizer industry that influence the prices that agricultural producers receive for their products;
a description of the size and value of the U.S. fertilizer market over the previous 25 years;
a description of the importation of fertilizer into the United States and the impacts that antidumping and countervailing duties have on retail fertilizer prices;
a study of market concentration of the U.S. fertilizer industry;
an assessment of the regulatory environment governing fertilizer production, distribution, and usage; and
a description of the extent to which current public price reporting of fertilizer is transparent for market participants and recommendations on whether further reporting is needed.

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Current Status of Bill S 3471

Bill S 3471 is currently in the status of Bill Introduced since December 12, 2023. Bill S 3471 was introduced during Congress 118 and was introduced to the Senate on December 12, 2023. Bill S 3471's most recent activity was Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. as of December 12, 2023