MARKET Act of 2026
The MARKET Act of 2026 requires the Secretary of Agriculture to annually assess and report on the risks of U.S. agricultural exports, such as soybeans and corn, being exploited by foreign adversaries. This bill mandates that the report identify vulnerabilities in current markets and propose strategies to reduce reliance on these countries by shifting trade to nonadversarial nations. To support this process, the Secretary may voluntarily collect data from private entities while ensuring all specific information remains confidential and is only used for the assessment. The requirement to submit these reports will end only when the Secretary determines that U.S. export markets have been sufficiently diversified.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
President
Introduced May 19, 2026
Last action May 19, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 19, 2026
Committee
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (Sponsor introductory remarks on measure: CR S2375)
upper
May 19, 2026
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Pete Ricketts
RRepublican
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