S. 4560Senate119th Congress (2025-2027)In Committee

MARKET Act of 2026

AI-Generated Summary

Updated May 29, 2026 at 7:21 AM UTC

The MARKET Act of 2026 directs the Secretary of Agriculture to produce an annual assessment of how dependent the United States is on exporting key agricultural products to countries considered foreign adversaries. The report, prepared with the U.S. Trade Representative, will identify risks, suggest alternative markets, and recommend actions to reduce that reliance. It applies to major U.S. farm commodities and aims to protect national security by diversifying export destinations. The law also sets rules for data collection and confidentiality and ends the reporting requirement once diversification is achieved.

Key Provisions

Defines “covered export” as any U.S. agricultural commodity, specifically listing soybeans, corn, beef, chicken, pork, tree nuts, sorghum, cotton, and dairy.
Defines a “foreign adversary” as any country listed under the Secure and Trusted Communications Networks Act or any country the Secretary of Agriculture later designates as hostile based on national‑security concerns.
Requires the Secretary of Agriculture, working with the U.S. Trade Representative, to produce an annual report for the agriculture committees in both chambers that identifies risks to U.S. access to these export markets in adversarial countries and evaluates alternative, non‑adversarial markets.
The report must detail current and potential market access for each covered export, recommend steps (in coordination with the Secretaries of Commerce, State, and the USTR) to reduce reliance on adversary markets, and suggest new markets for expanding exports to friendly countries.
Allows the Secretary to voluntarily collect data from private entities, but mandates that any disclosed information be aggregated or anonymized and that trade secrets or confidential data be protected.
Gives the Secretary authority to stop the reporting requirement once the U.S. has sufficiently diversified its agricultural export markets away from adversarial countries.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (Sponsor introductory remarks on measure: CR S2375)

Agriculture, Nutrition, and Forestry Committee

May 19, 2026

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SenateIntro Referral

Introduced in Senate

May 19, 2026

SenateIntro Referral

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (Sponsor introductory remarks on measure: CR S2375)

Agriculture, Nutrition, and Forestry Committee

May 19, 2026

Floor Debate

5 members

What members said about S. 4560 on the floor

2 Republicans3 Democrats

Sen. Pete RickettsR-NE · May 19, 2026

Mr. President, I am proud to represent the great State of Nebraska. Agriculture is our No. 1 industry in Nebraska. I am also proud to represent our farmers and ranchers, who are the best in the…

Mr. President, I am proud to represent the great State of Nebraska. Agriculture is our No. 1 industry in Nebraska. I am also proud to represent our farmers and ranchers, who are the best in the world. Agriculture is the heart and soul of what we do in the State of Nebraska. We produce the finest products and the safest food. We feed and fuel our great Nation.

Now, it is no secret that our farmers and ranchers have had some challenges. We have seen low commodity prices and high input costs. We have also seen a drought in my State as well as wildfires that are the worst in our State's history--burning over 1 million acres. But our farmers and ranchers, they are tough and resilient. They find ways to come together and get through the tough times, and they contribute to their communities. Despite all of this, they continue to invest to make sure that we have a strong agricultural sector in Nebraska. This is also important for our country, as food security is national security.

Last week, the Senate passed my resolution to proclaim May as Beef Month throughout the entire country. Again, this is our leading industry in Nebraska: the beef industry. We are the leading State for exporting beef--$1.7 billion worth. We are a leader in every category of beef production. In fact, we have over 6 million head of cattle, and the 3 highest beef-producing counties in the country are in Nebraska. We are very proud of our beef industry, and, of course, it is the best tasting beef in the entire world--even if the Presiding Officer doesn't agree with that right now, being from Montana. So we are very, very proud of that.

May is also Renewable Fuels Month. Again, Nebraska is a leader in renewable fuels with 2.2 billion gallons. Not only is this important for creating jobs in our small towns and rural communities, but this is one of the ways that consumers can save money at the pump. The last time I filled up on E10--a 10-percent blend of ethanol--I saved 55 cents a gallon at my local Hy-Vee. It is also a great way to be able to help clean up the environment.

Of course, it is great for our farmers and ranchers. It is also great for our country. There are estimates that our renewable fuels industry that is so great for our corn farmers and soybean farmers also displaces about 640 million barrels of foreign oil. That means we are less dependent on foreign sources of energy. This is, again, a great way for consumers to save money but also for us to strengthen our energy independence--``America First'' energy independence. So our homegrown solution is biofuels.

At the summit last week, when President Trump was in Beijing, we heard good news with regard to potential initial purchases of American agricultural products. U.S. Trade Representative Jamieson Greer said there will be ``double-digit billions'' of U.S. agricultural products in 2026, 2027, and 2028--maybe $17 billion in each of those years. That is on top of the 25 million metric tons of soybeans that communist China had agreed to buy already, last year in October. That certainly is good news for our farmers.

What we need is to make sure that we hold communist China accountable for those purchases. We recall that in the first Trump administration, they signed the phase 1 trade deal with communist China, but as soon as President Trump was out of office, China reneged on that deal. We have seen them capriciously turn away the cargo ships of our corn. They have delisted our beef processors.

Communist China, at the end of the day, is a bad trading partner. We need to make sure we hold them accountable for the commitments they make, and I expect this administration will do just that. They have a track record of doing it.

In addition, we need to look at diversifying our export markets. That is why I am introducing the MARKET Act. The MARKET Act would instruct the U.S. Department of Agriculture and the U.S. Trade Representative to look at ways we can mitigate our dependence on communist China and to look for new markets. Last year, in the Working Families Tax Cut, we put in an additional $285 million--doubling the amount of money for trade promotion--to be able to find new markets for our farmers and ranchers.

My MARKET Act would require the USDA and the USTR to work together to look for new markets and to come back with a report to Congress on how we can further expand those and mitigate the risks of being dependent upon our adversaries like communist China. Do we need to do something with regard to legislative action or regulatory action? This will help make sure that we continue to be able to expand the trade that is so important for our agricultural States, like Nebraska.

About a third of everything we grow in Nebraska gets exported overseas. We are the fifth largest ag exporter in the country. These markets overseas are important to our strong economy in Nebraska. My MARKET Act will help make sure we continue to look for opportunities to be able to grow that.

I am proud of our farmers and ranchers. They do a great job of feeding our great Nation. And I am proud to be able to continue to support them here in Washington, DC.

Sen. Pete RickettsR-NE · May 19, 2026

Mr. President, I am proud to represent the great State of Nebraska. Agriculture is our No. 1 industry in Nebraska. I am also proud to represent our farmers and ranchers, who are the best in the…

I am proud of our farmers and ranchers. They do a great job of feeding our great Nation. And I am proud to be able to continue to support them here in Washington, DC.

Sen. Patty MurrayD-WA · May 19, 2026

Mr. President, 26 years ago, almost to the day, I came here to the Senate floor to speak about a mom in Washington State and a member of my staff. Mary Glenn had come to Congress with Senator…

Mr. President, 26 years ago, almost to the day, I came here to the Senate floor to speak about a mom in Washington State and a member of my staff. Mary Glenn had come to Congress with Senator Feinstein, a few years before, to share the story of her son Shaun, who was tragically killed by gun violence, and to advocate for change.

As a mother myself, I couldn't imagine the pain that she had gone through, but I could absolutely recognize her passion and her resolve to respond to challenges and hardships, not by getting discouraged but by getting determined to make a difference.

So not long after Mary brought her story here to the Senate, I brought Mary herself onto my team in Seattle, in September of 1995, and it was the best decision I could have made.

Over her 31 years on my team, Mary has handled well over 20,000 constituent cases. That is astounding--20,000. Each case represents an individual or a family seeking help, usually under difficult circumstances. Mary gave everyone who reached out compassion, and she got them results: helping people who were struggling to keep their utilities on and connecting them with social services that could assist them; helping families stay in their homes and fight off eviction.

And no one--absolutely no one--could do more to help seniors get their Social Security and Medicare benefits than Mary Glenn. In some cases, Mary helped people finally get hundreds of thousands of dollars they were owed by the government.

We are talking about life-changing and lifesaving victories for people back in my State.

I remember, during the 2008 economic crisis, she saved so many families from losing their homes that we heard lobbyists here in DC were complaining about her for being too effective. My response to that: Too bad.

Whatever the case, whatever the challenges, Mary has never been afraid to go against big Agencies, navigate complicated systems, or even go toe to toe with powerful special interests.

Now, after many years and countless victories for Washington State families, Mary is moving on to a well-earned retirement. We all wish her the best as she spends more time with her family--her daughter Tiffany, her son-in-law Jon, and especially her grandkids Adalyn and Ellis--and more time at Dawson's, her home away from home.

We are all going to miss her dearly at our office because Mary is more than a trusted resource for our constituents. She is also an invaluable resource to everyone she works with, someone we all turn to for her knowledge, her advice, and her guidance. She exemplifies a true commitment to public service.

When I came to this floor to share Mary's story all those years ago, I came here to speak about a mom who had the strength to speak out after a painful tragedy. Today, I am speaking about a mom but also a grandma, an incredible champion for Washington State families, and a friend.

Mary, thank you. I know Shaun would be so proud of everything you have done to fight for change. You have helped so many families through your hard work, and you have inspired so many people through your resilience, including me.

I yield the floor.

Mr. President, I suggest the absence of a quorum.

Sen. Pete RickettsR-NE · May 19, 2026

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. I yield the floor.

Sen. John BarrassoR-WY · May 19, 2026

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

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Sen. Richard J. DurbinD-IL · May 19, 2026

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

Sen. Tammy DuckworthD-IL · May 19, 2026

Mr. President, I ask unanimous consent to begin the next vote immediately.

Bill Text

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Introduced in SenateIssued May 19, 2026

119th CONGRESS

2d Session

S. 4560

IN THE SENATE OF THE UNITED STATES

May 19, 2026

Mr. Ricketts introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry

A BILL

To direct the Secretary of Agriculture to publish, on an annual basis, an assessment of United States dependency on the exportation of agricultural commodities to adversarial countries, and for other purposes.

Short title

This Act may be cited as the Moving Away from Risk to Key Export Targets Act of 2026 or the MARKET Act of 2026.

Agricultural commodities export assessments and reports

(a)

Definitions

In this section:

(1)

Covered export

(A)

In general

The term covered export means any agricultural commodity exported by the United States.

(B)

Inclusions

The term covered export includes—

(i)

soybeans;

(ii)

corn;

(iii)

beef;

(iv)

chicken;

(v)

pork;

(vi)

tree nuts;

(vii)

sorghum;

(viii)

cotton; and

(ix)

dairy.

(2)

Foreign adversary

The term foreign adversary means—

(A)

any foreign adversary (as defined in section 8(c) of the Secure and Trusted Communications Networks Act of 2019 (47 U.S.C. 1607(c))); and

(B)

any foreign country identified by the Secretary pursuant to subsection (d).

(3)

Nonadversarial

The term nonadversarial, with respect to a foreign country or a market, means, respectively—

(A)

that the foreign country is not a foreign adversary; and

(B)

that the market is located outside the jurisdiction of a foreign adversary.

(4)

Secretary

The term Secretary means the Secretary of Agriculture.

(b)

Annual assessment and report

On an annual basis, the Secretary, in coordination with the United States Trade Representative, shall submit to the Committee on Agriculture, Nutrition, and Forestry of the Senate and the Committee on Agriculture of the House of Representatives a report that—

(1)

identifies risks and vulnerabilities with respect to the existing access of the United States to covered export markets of foreign adversaries that pose a risk of exploiting such a market; and

(2)

contains an assessment of alternative markets to the markets described in paragraph (1).

(c)

Contents

Each report under subsection (b) shall—

(1)

address the current and potential market access for each covered export that could be at risk of exploitation by a foreign adversary in the event of a trade disruption or military conflict;

(2)

contain recommendations of the Secretary, in coordination with the United States Trade Representative, the Secretary of Commerce, and the Secretary of State, to reduce the dependency of the United States on markets of foreign adversaries for covered exports;

(3)

identify alternative markets for increasing covered exports to nonadversarial countries; and

(4)

(A)

describe, monitor changes over time in, and otherwise address potential risks posed by foreign adversaries to covered exports in nonadversarial markets; and

(B)

contain recommendations for—

(i)

methods to address the risks described in subparagraph (A); and

(ii)

the presence and activities of the United States, unrelated to covered exports, in nonadversarial countries for the purpose of understanding how covered export market and nonmarket presence and activities may limit or constrain the United States with respect to covered exports and related market access.

(d)

Identification of foreign adversaries

At the discretion of the Secretary, for purposes of inclusion in an assessment under this section, the Secretary may identify as a foreign adversary any foreign country that the Secretary determines has engaged in a long-term pattern, or 1 or more serious instances, of conduct significantly adverse to—

(1)

the national security of the United States; or

(2)

the security and safety of residents of the United States.

(e)

Collection, distribution, and protection of information

(1)

Voluntary basis

The Secretary may collect information as part of an assessment under this section, subject to the condition that any such collection from a private entity shall be conducted on a voluntary basis.

(2)

Aggregate data

The Secretary, an officer or employee of the Department of Agriculture (or any agency thereof), or any other person shall not disclose to the public any information provided by a private entity for purposes of an assessment under this section, unless the information has been transformed into a statistical or aggregate form that does not allow the identification of the person that supplied any particular information.

(3)

Confidentiality

The Secretary shall ensure that no report submitted under this section includes any information that is a trade secret or confidential information subject to—

(A)

section 552(b)(4) of title 5, United States Code; or

(B)

section 1905 of title 18, United States Code.

(4)

Immunity from disclosure

Information provided to the Secretary as part of an assessment under this section—

(A)

shall be considered to be specifically exempted from disclosure under section 552(b)(3) of title 5, United States Code; and

(B)

shall not be used by the Secretary for any purpose other than to carry out this section.

(f)

Termination of report

The Secretary shall terminate the preparation and submission of the report under this section on making a determination that all relevant covered export markets have become sufficiently diversified.