S. 4610Senate117th Congress (2021-2023)In Committee

Food and Energy Security Act

Sponsored by John ThuneSen. John Thune (R-SD)
Introduced July 26, 2022

AI-Generated Summary

Updated February 8, 2026 at 4:54 PM UTC

The Food and Energy Security Act requires major federal financial regulators to evaluate how their proposed rules would affect food, electricity, and fuel prices when those rules impact capital for agriculture or energy businesses. It also bars any such rule that would raise those prices if the overall inflation rate is 4.5% or higher. The bill targets for‑profit and non‑profit entities in the agriculture and energy sectors and the listed federal regulators.

Key Provisions

  • Defines "agriculture or closely related business" and "energy or closely related business" as any for‑profit or non‑profit entity involved in production or supply chains of those sectors.
  • Specifies which agencies count as "Federal regulators," including the Federal Reserve Board, OCC, FDIC, and others.
  • Requires regulators, in any proposed or final rule affecting capital to these businesses, to publish a detailed analysis of expected impacts on food, electricity, and fuel prices over 1, 3, 5, and 10 years, including methodology.
  • Prohibits a regulator from implementing a rule that would increase food, electricity, or fuel prices when the latest annual CPI inflation rate is 4.5% or higher.
  • Clarifies that the Act does not affect any regulation or guidance issued before January 1, 2022.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S3696)

July 26, 2022

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SenateIntro Referral

Introduced in Senate

July 26, 2022

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S3696)

July 26, 2022

Floor Debate

3 members

What members said about S. 4610 on the floor

2 Republicans1 Democrat
Susan M. Collins
Sen. Susan M. CollinsR-ME · Jul 26, 2022

Mr. President, the opioid epidemic continues to claim the lives of far too many people, with record numbers of both Mainers and Americans lost in 2021. While many perceive the face of opioid…

John Thune
Sen. John ThuneR-SD · Jul 26, 2022

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Jul 26, 2022

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

John Thune
Sen. John ThuneR-SD · Jul 26, 2022

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

Reading Mode
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Introduced in SenateIssued July 26, 2022

II

117th CONGRESS

2d Session

S. 4610

IN THE SENATE OF THE UNITED STATES

July 26, 2022

Mr. Thune (for himself, Mr. Barrasso, Mr. Braun, Mr. Crapo, Mr. Daines, Ms. Ernst, Mrs. Fischer, Mr. Hagerty, Mr. Hoeven, Ms. Lummis, Mr. Risch, and Mr. Rounds) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To provide reliable and evidence-based food and energy security.

1.

Short title

This Act may be cited as the Food and Energy Security Act.

2.

Definitions

In this Act:

(1)

Agriculture or closely related business

The term agriculture or closely related business means a for-profit or not-for-profit entity that is involved in the production of agriculture products or livestock or involved in the supply chain of an entity involved in the production of agriculture products or livestock.

(2)

Energy or closely related business

The term energy or closely related business means a for-profit or not-for-profit entity that is involved in the production, development, or marketing of electricity, fuel (including biofuels), or other related products or involved in the supply chain of an entity involved in the production, development, or marketing of electricity, fuel (including biofuels), or other related products.

(3)

Federal regulator

The term Federal regulator means—

(A)

the Board of Governors of the Federal Reserve System;

(B)

the Office of the Comptroller of the Currency;

(C)

the Federal Deposit Insurance Corporation;

(D)

the Financial Stability Oversight Council;

(E)

the National Credit Union Administration;

(F)

the Bureau of Consumer Financial Protection;

(G)

the Commodity Futures Trading Commission; and

(H)

the Securities and Exchange Commission.

3.

Regulations and guidance

(a)

In general

As part of any public notice of a proposed regulation or guidance and final regulation or guidance that could affect the extension of capital to or investments in an agriculture or closely related business or an energy or closely related business, a Federal regulator shall provide a detailed analysis of the estimated impact the regulation or guidance would have on food prices, electricity prices, and fuel prices, as applicable, including a description of the methodology and variables used to arrive at the estimates.

(b)

Contents

The estimated impacts required under subsection (a) shall include how the proposed regulation or guidance or final regulation or guidance of the Federal regulator would, as applicable, affect—

(1)

food prices (broken down by subcategories as listed in the Consumer Price Index for All Urban Consumers by the Bureau of Labor Statistics, as relevant) over 1 year, 3 years, 5 years, and 10 years;

(2)

electricity prices (broken down by subcategories as listed in the Consumer Price Index for All Urban Consumers by the Bureau of Labor Statistics, as relevant) over 1 year, 3 years, 5 years, and 10 years; and

(3)

fuel prices (broken down by subcategories as listed in the Consumer Price Index for All Urban Consumers by the Bureau of Labor Statistics, as relevant) over 1 year, 3 years, 5 years, and 10 years.

4.

Prohibition

A Federal regulator shall not implement any regulation or guidance that could affect, directly or indirectly, the extension of capital to or investments in an agriculture or closely related business or an energy or closely related business if—

(1)

the analysis of estimated impacts under section 3 estimate that implementation of the regulation or guidance would result in an increase in food prices, electricity prices, or fuel prices; and

(2)

the annualized rate of increase in the Consumer Price Index for All Urban Consumers most recently published by the Bureau of Labor Statistics is 4.5 percent or greater.

5.

Rule of construction

Nothing in this Act may be construed as affecting any regulation or guidance of a Federal regulator that was implemented before January 1, 2022.