An 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.
About This Bill
Passed
Latest Action · January 16, 2024
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
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This requirement shall be repealed at the earlier of (1) five years after this bill's enactment, or (2) 30 days after the President reports to Congress that termination of the requirement is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.
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