Congress ties farmer relief to Argentina financial exit—with tight liquidation deadline.
H.R. 6061 — American Farmers First Act · Filed by April McClain Delaney (D-MD) · 8 cosponsors · Introduced Nov 17, 2025 · Referred to committee
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What it does
This bill prohibits the Treasury Department from using the Exchange Stabilization Fund to bail out Argentina's financial system (including currency swaps or debt purchases) and requires any existing Argentine financial contracts to be sold or terminated within 7 days. Money from those sales goes to the Department of Agriculture to provide one-time relief payments to U.S. farmers harmed by lost export markets in 2025.
Why we flagged it
The bill's primary mechanism is a prohibition on Treasury support for Argentina (a foreign-policy statement), but its operative effect is to redirect liquidation proceeds to farmer relief. The farmer relief is the functional outcome; the Argentina prohibition is the mechanism that funds it.
What the text implies
- The bill assumes liquidating Argentine financial contracts will generate material proceeds; if those contracts are already deeply underwater or illiquid, the farmer relief fund may be negligible, making the bill's title promise hollow.
- The prohibition on Argentina support terminates December 10, 2027, meaning Treasury could resume Argentine financial operations after that date — the relief is temporary and the policy reversal is built in.
The full analysis lists 4 implications of this text.
Who stands to gain
U.S. agricultural producers (crop farmers); Agricultural commodity exporters