HR9704Referred to Committee
Tariff Impacted Farmer Support Act of 2026
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2026-07-15
Introduced
1
Cosponsors
HR
ⓘType
Sponsor
Shomari Figures
Democrat · AL · Representative
Votes with party: 96.3% (597 recorded votes)
Full profile: /officials/F000481
Source: Congress.gov · FEC
Cosponsors (1)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on AgricultureReferred To · 2026-07-15
Plain-English Summary
The federal government would provide direct payments to farmers and agricultural producers who experienced revenue losses on major crops like corn, soybeans, wheat, and cotton due to specified circumstances. These payments would help offset income that producers lost when their crop revenues fell below expected levels, supporting farm families and rural communities during difficult economic periods. The Agriculture Department would handle determining which producers qualify and distributing the assistance funds.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Full Bill Text
Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.
119 HR 9704 IH: Tariff Impacted Farmer Support Act of 2026 U.S. House of Representatives 2026-07-15 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS2d SessionH. R. 9704IN THE HOUSE OF REPRESENTATIVESJuly 15, 2026Mr. Figures (for himself and Mr. Thompson of Mississippi) introduced the following bill; which was referred to the Committee on AgricultureA BILLTo 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. 1.Short titleThis Act may be cited as the Tariff Impacted Farmer Support Act of 2026. 2.Economic assistance payments to qualifying producers (a)In generalSubject 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 generalThe 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 paymentsThe 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 generalOf 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 fundingFrom 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 deadlinesThe 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)DefinitionsIn 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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