Foundation for International Food Security Act of 2023

The Foundation for International Food Security Act of 2023 establishes an independent U.S. agency to accelerate sustainable agriculture investments that foster global food security. The Foundation will coordinate with U.S. government agencies and private sector partners to fund projects in up to 10 eligible countries that demonstrate commitment to agricultural reform, cost-sharing, and measurable outcomes. The bill authorizes $100 million annually for 10 years (2024-2033), requiring private sector cost-matching and prohibiting support for countries that support terrorism or violate human rights. It includes requirements for annual reporting to Congress on project outcomes, coordination with existing programs, and transparency in how funds leverage private investments. The Foundation must focus on projects that increase agricultural productivity, reduce food loss, improve nutrition, and build resilient food systems while avoiding duplication of existing U.S. government programs.