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Strengthening Food Supply Chain: Loan Guarantees for Processing and Distribution.

This law aims to increase the security and stability of the US food supply by supporting businesses involved in processing, storage, and transportation. Citizens can expect more reliable access to food and potentially greater product diversity in the market. The program offers loan guarantees up to $80 million for projects that create new jobs, especially in economically distressed areas.
Key points
The government guarantees loans up to $80 million for businesses expanding food storage, processing, and transportation capacity.
Priority is given to projects that create jobs in economically distressed communities.
Up to $29 million annually is authorized for the program from 2024 through 2028 to strengthen the domestic supply chain.
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Additional Information
Print number: 118_HR_4873
Sponsor: Rep. Khanna, Ro [D-CA-17]
Process start date: 2023-07-25