Bill · S. 4560· Senate(119-S-4560)
MARKET Act of 2026
- Introduced
- 5/19/2026
- Last activity
- 5/19/2026 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (Sponsor introductory remarks on measure: CR S2375)
- Sponsored by
- Pete Ricketts
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The MARKET Act of 2026 directs the Secretary of Agriculture to create and submit an annual report regarding United States agricultural exports. This report must evaluate the risks of depending on foreign adversaries for the sale of specific commodities like corn, beef, and soybeans. The Secretary is tasked with identifying vulnerabilities in current markets and finding alternative markets in nonadversarial countries. Additionally, the report should include recommendations to reduce dependency on adversarial markets. The goal is to monitor and mitigate risks related to trade disruptions or military conflicts.
Who it would affect, and how
Potential Positive Impacts for People
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Risk Mitigation for Agricultural Exports: The bill requires the Secretary to identify risks and vulnerabilities related to current export markets that could be exploited by foreign adversaries (Section 2(b)(1)). This could help protect the stability of the agricultural sector.
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Development of Alternative Markets: The report must identify alternative markets for increasing exports to nonadversarial countries (Section 2(c)(3)). This could provide more stable trading options for American producers.
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Strategic Recommendations: The Secretary is tasked with providing recommendations to reduce the United States' dependency on markets held by foreign adversaries (Section 2(c)(2)).
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Protection of Private Information: The bill includes provisions to ensure that any information provided by private entities is transformed into aggregate data that does not identify the specific person or entity (Section 2(e)(2)).
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Confidentiality of Trade Secrets: The Secretary is required to ensure that reports do not include trade secrets or confidential information (Section 2(e)(3)).
Potential Negative Impacts for People
- Monitoring of Non-Export Activities: The report may include recommendations regarding the presence and activities of the United States in nonadversarial countries to understand how those activities might limit covered exports (Section 2(c)(4)(B)(ii)).
Groups and Interests Ranking
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No significant interests or groups are affected by this bill.
- 5/19/2026
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (Sponsor introductory remarks on measure: CR S2375)
- Introduced in Senate