Lowering Input Costs for American Farmers Act

This bill, known as the Lowering Input Costs for American Farmers Act, aims to reduce costs for U.S. agricultural producers by modifying trade duties on phosphate fertilizers. It removes existing tariffs and countervailing duties on phosphate imports from Morocco, while leaving duties on similar products from other countries unchanged. Additionally, the legislation requires the U.S. government to refund cash deposits collected from Moroccan importers under previous trade orders and ensures no new duties are applied to these specific shipments.