Food Supply Chain Capacity and Resiliency Act
S 4099, the Food Supply Chain Capacity and Resiliency Act, creates a federal loan guarantee program to support new investments in U.S. food supply chain infrastructure. It provides loan guarantees of up to $80 million per project for activities like processing, storage, transport, and distribution, prioritizing projects that create jobs in economically distressed communities or enhance supply chain resilience. The program allocates $29 million annually from 2024-2028 (with $4 million max for administration) from existing farm program funds, requiring that it supplements - rather than replaces - other federal, state, or local funding. This bill directly affects food businesses seeking capital for expansion or modernization to improve national food system capacity.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
President
Introduced Apr 10, 2024
Last action Apr 10, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 10, 2024
Committee
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
upper
Apr 10, 2024
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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