,,ii  #aai? ,,congress  #a/ ,session    
,s4 #abcg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #a 7legislative 
day1 ,m>* #ca71 #bjbe,ms4 ,smi?         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,agriculture1 ,nutrition1 & ,=e/ry  ,a  
,,bill  ,to e/abli% ! ,new ,produc]     
,economic ,security ,program )9 ! ,f>m  
,s]vice ,ag5cy ,(fice ( ,outrea* &      
,education4  #a4 ,%ort title ,?is ,act  
may be cit$ z ! ,new ,produc] ,economic 
,security ,act4  #b4 ,new ,produc]      
,economic ,security ,program  7a7       
,def9itions ,9 ?is section3 7#a7        
,au?oriz$ legal entity ,! t]m au?oriz$  
legal entity means any corporation1     
bus9ess tru/1 e/ate1 tru/1 p>tn]%ip1    
limit$ liability company1 association1  
jo9t v5ture1 public corporation1        
coop]ative1 p5sion or inve/m5t fund1 or 
any o!r legal or comm]cial entity       
organiz$ or creat$ "u ! laws ( any ,/ate
 t meets ea* ( ! foll[+ requirem5ts3    
7,a7 ,! entity is n a subsidi>y (1 or   

own$ 9 any "p by1 a multilay]$ subsidi>y
 entity4  7,b7 ,! %>ehold]s1 p>tn]s1    
memb]s1 or b5eficial own]s ( ! entity d 
n exce$ #be individuals4  7,c7 ,!       
%>ehold]s1 p>tn]s1 memb]s1 or b5eficial 
own]s ( ! entity are all natural p]sons 
:o-- 7i7 regul>ly & frequ5tly make1 or  
take an important "p 9 mak+1 managem5t  
decisions sub/antially contribut+ to or 
affect+ ! op]ation ( a f>m or =e/2 or   
7ii7 p]=m physical "w t significantly   
contributes to cultivation1 /ew>d%ip1   
crop or live/ock production1 or food    
production4  7#b7 ,cov]$ project ,! t]m 
cov]$ project means a project describ$ 9
 subsection 7e74  7#c7 ,eligible entity 
7,a7 ,9 g5]al ,! t]m eligible entity    
means an entity t-- 7i7 has demon/rat$  
exp]i5ce 9 s]v+ qualifi$ b5efici>ies2 & 
7ii7 is-- 7,i7 a ,/ate1 local1 or       
t]ritorial gov]nm5t2  7,,ii7 an ,indian 
,tribe or ,tribal organization 7z ^?    
t]ms are def9$ 9 section #d ( ! ,indian 
,self-,det]m9ation & ,education         
,assi/ance ,act 7#be ,u4,s4,c4 #ecjd772 

7,,iii7 a ,native community developm5t  
f9ancial in/itution c]tifi$ by !        
,secret>y ( ! ,treasury2  7,,iv7 a      
community developm5t f9ancial in/itution
 7z def9$ 9 section #ajc ( ! ,community 
,developm5t ,bank+ & ,f9ancial          
,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4
 #dgjb77 c]tifi$ by ! ,secret>y ( !     
,treasury1 act+ ?r\gh ! ,director ( !   
,community ,developm5t ,f9ancial        
,in/itutions ,fund e/abli%$ "u section  
#ajd7;a7 ( t ,act 7#ab ,u4,s4,c4        
#dgjc7;a772  7,v7 an organization       
describ$ 9 p>agraph 7#b7 or 7#c7 (      
section #eja7;c7 ( ! ,int]nal ,rev5ue   
,code ( #aihf & exempt f tax "u section 
#eja7;a7 ( su* ,code2  7,,vi7 a         
f\ndation2  7,,vii7 a coop]ative entity2
  7,,viii7 an in/itution ( high]        
education 7z def9$ 9 section #aja ( !   
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajja772  7,,ix7 a f9ancial   
in/itution describ$ 9 section           
#a4g7;b77#a77;,b7 ( ! ,f>m ,cr$it ,act (
 #aiga 7#ab ,u4,s4,c4                   

#bjae7;b77#a77;,b772 &  7,x7 any o!r    
appropriate p>tn]1 z det]m9$ by !       
,secret>y4  7,b7 ,exclusion ,! t]m      
eligible entity does n include a        
corporation t is =eign-bas$ or          
=eign-own$4  7#d7 ,eligible l&  7,a7 ,9 
g5]al ,! t]m eligible l& means-- 7i7    
agricultural l&2  7ii7 private l&2      
7iii7 urban l&2  7iv7 public l&1 includ+
 ,f$]al1 ,/ate1 & municipally own$ or   
manag$ l&2  7v7 l&s held 9 common t are 
controll$ & manag$ by gr\ps (           
individuals2  7vi7 l&s held 9 tru/2     
7vii7 multiple p>cels ( l& describ$ 9   
any ( clauses 7i7 ?r\gh 7vi7 t are      
noncontigu\s2 &  7viii7 public or       
private %orel9e or int]tidal zone areas1
 :i* may be :olly or p>tially und]wat]4 
7,b7 ,exclusion ,! t]m eligible l& does 
n include a natural area 7z def9$ 9     
section #fej4bc7;a7 ( title #g1 ,code ( 
,f$]al ,regulations 7or successor       
regulations774  7#e7 ,program ,! t]m    
program means ! ,new ,produc] ,economic 
,security ,program e/abli%$ "u          

subsection 7b74  7#f7 ,qualifi$         
b5efici>y  7,a7 ,9 g5]al ,! t]m qualifi$
 b5efici>y means a f>m]1 a ran*]1 or a  
=e/ own] :o-- 7i7 is a natural p]son2   
7ii7 is-- 7,i7 a %>ehold] 9 an au?oriz$ 
legal entity2  7,,ii7 an (fic]1         
director1 or employee ( an au?oriz$     
legal entity2  7,,iii7 a memb] or manag]
 ( an au?oriz$ legal entity2  7,,iv7 a  
p>tn] 9 an au?oriz$ legal entity2  7,v7 
a b5efici>y or tru/ee ( an au?oriz$     
legal entity2 or  7,,vi7 any o!r        
individual :o-- 7aa7 regul>ly &         
frequ5tly makes1 or takes an important  
"p 9 mak+1 managem5t decisions          
sub/antially contribut+ to or affect+ ! 
op]ation ( a f>m or =e/2 or  7bb7 p]=ms 
physical "w t significantly contributes 
to cultivation1 /ew>d%ip1 crop or       
live/ock production1 or food production2
 &  7iii7 7,i7 has nev] op]at$1 or has n
 op]at$ = m ?an #aj consecutive ye>s1 a 
f>m or a ran*2  7,,ii7 op]ates only on  
r5t$ or leas$ l&2  7,,iii7 has an income
 t is at or bel[ #bjj p]c5t ( ! national

 pov]ty level or half ( ! m$ian h\sehold
 income ( ! c\nty 9 :i* ! natural p]son 
is locat$2 or  7,,iv7 is economically   
disadvantag$1 z det]m9$ by ! ,secret>y4 
7,b7 ,exclusion ,! t]m qualifi$         
b5efici>y does n include a natural p]son
 :o solely provides capital to an       
au?oriz$ legal entity t is n a qualifi$ 
b5efici>y describ$ 9 subp>agraph 7,a74  
7#g7 ,secret>y ,! t]m ,secret>y means ! 
,secret>y ( ,agriculture4  7b7          
,e/abli%m5t ,! ,secret>y %all e/abli% )9
 ! ,f>m ,s]vice ,ag5cy a competitive    
program1 to be kn[n z ! ,new ,produc]   
,economic ,security ,program1 to make   
grants to1 ent] into coop]ative         
agreem5ts )1 or provide o!r capital     
support to eligible entities to c>ry out
 cov]$ projects 9 accordance )          
subsection 7e74  7c7 ,purpose ,!        
purposes ( ! program are-- 7#a7 to      
/r5g!n ! food sy/ems security ( ! ,unit$
 ,/ates by effici5tly inve/+ 9          
community-l$ solutions to increas+      
access to l&1 capital1 & m>kets =       

qualifi$ b5efici>ies2 &  7#b7 to support
 projects t-- 7,a7 support f>m          
e/abli%m5t & long-t]m f>m bus9ess       
viability2  7,b7 support ! f9ancial     
viability ( qualifi$ b5efici>ies2  7,c7 
support ! physical & m5tal heal? (      
qualifi$ b5efici>ies2  7,d7 increase l& 
access2  7,e7 prev5t l& loss2  7,f7     
e/abli% innovative ways to make l&      
accessible to qualifi$ b5efici>ies2     
7,g7 transition f>ml& f exi/+ l&[n]s to 
qualifi$ b5efici>ies2 &  7,h7 provide   
appropriate te*nical assi/ance relat$ to
 p]missible activities describ$ 9       
subsection 7e77#b74  7d7 ,selection     
7#a7 ,application requirem5ts ,to be    
eligible to receive assi/ance "u !      
program1 an eligible entity %all submit 
to ! ,secret>y an application at su* "t1
 9 su* mann]1 & conta9+ su* in=mation z 
! ,secret>y may require1 includ+-- 7,a7 
in=mation demon/rat+ t ! cov]$ project !
 eligible entity seeks to c>ry out is   
design$-- 7i7 to s]ve qualifi$          
b5efici>ies2 &  7ii7 to meet ! purposes 

( ! program describ$ 9 subsection 7c72  
7,b7 a description ( h[ project         
activities w support ! long-t]m f9ancial
 viability ( qualifi$ b5efici>ies2  7,c7
 a plan = notification & consultation ) 
local ,tribal gov]nm5ts = ! future sale 
( l&1 if applicable2  7,d7 an analysis (
 anticipat$ b5efits to ! community & !  
agricultural economy )9 ! project area2 
&  7,e7 a plan = evaluation1 data       
managem5t1 communication1 & report+ (   
project f9d+s & results4  7#b7          
,evaluation & selection ( applications  
7,a7 ,evaluation process ,! ,secret>y   
%all develop a process = evaluat+ &     
select+ applications submitt$ "u        
p>agraph 7#a7 9 collaboration ) !       
/akehold] committee e/abli%$ "u         
subp>agraph 7,b74  7,b7 ,/akehold]      
committee  7i7 ,9 g5]al ,n lat] ?an #ahj
 days aft] ! date ( enactm5t ( ?is ,act1
 ! ,secret>y %all e/abli% & conv5e a    
/akehold] committee to provide input on 
! di/ribution ( funds & ! evaluation &  
selection ( applications submitt$ "u    

p>agraph 7#a74  7ii7 ,consid]ation ,!   
,secret>y %all ensure t ! /akehold]     
committee e/abli%$ "u clause 7i7        
includes p]spectives reflect+-- 7,i7 !  
complexity ( ! rural & urban            
agricultural l&scapes ( ! ,unit$ ,/ates2
 &  7,,ii7 ! wide v>iety ( agricultural 
production models employ$ by qualifi$   
b5efici>ies4  7,c7 ,priority ,9 select+ 
applications submitt$ "u p>agraph 7#a71 
! ,secret>y %all give priority to       
applications = cov]$ projects t-- 7i7   
provide direct f9ancial assi/ance to    
qualifi$ b5efici>ies2  7ii7 involve a   
sub/antial & effective collaborative    
network or p>tn]%ip ( public or private 
entities2  7iii7 include a "r ( fir/    
refusal = ,tribal citiz5s or gov]nm5ts  
:5 l& becomes available on or ne>       
,tribal communities2  7iv7 involve      
me*anisms1 su* z a de$ re/riction or    
cons]vation easem5t1 t re/rict ! resale 
value ( eligible l& to protect ! l& =   
agricultural use2  7v7 support !        
volunt>y transition ( agricultural l& f 

exi/+ produc]s to qualifi$ b5efici>ies2 
7vi7 provide te*nical assi/ance1 includ+
 translation & int]pretation s]vices2   
7vii7 include activities "u subsection  
7e7 design$ to support f>mwork]s2 or    
7viii7 support long-t]m adoption (      
cons]vation practices t are consi/5t )  
cons]vation practice /&>ds ( ! ,natural 
,res\rces ,cons]vation ,s]vice & design$
 to a*ieve cons]vation outcomes4  7e7   
,cov]$ projects  7#a7 ,requir$ use (    
funds ,an eligible entity t receives    
assi/ance "u ! program %all provide     
direct assi/ance to qualifi$ b5efici>ies
 9 ord] to facilitate access to l&1     
capital1 & m>kets1 :i* may include      
paym5ts-- 7,a7 to acquire real prop]ty  
7includ+ air rights1 wat] rights1 & o!r 
int]e/s !re971 includ+ clos+ co/s2  7,b7
 to subsidize int]e/ rates & mortgage   
pr9cipal am\nts = qualifi$ b5efici>ies2 
7,c7 to provide d[n paym5t assi/ance to 
decrease f>m mortgages2  7,d7 to secure 
cle> title on heirs' prop]ty2  7,e7 to  
conduct surveys & assessm5ts ( eligible 

l&2  7,f7 to improve or rem$iate l&1    
wat]1 & soil2  7,g7 to con/ruct or      
repair infra/ructure2  7,h7 to support  
l& use plann+2  7,i7 to acquire         
succession plann+ assi/ance2  7,j7 to   
c>ry out ,tribal consultation2  7,k7 to 
support acquisition ( a ,dep>tm5t (     
,agriculture f>m numb]2 &  7,l7 = any   
o!r activities1 z det]m9$ by !          
,secret>y4  7#b7 ,p]missible activities 
,an eligible entity t receives assi/ance
 "u ! program may use ! funds-- 7,a7 =  
activities associat$ ) /r5g!n+ !        
economic security ( qualifi$ b5efici>ies
 by increas+ access to m>kets & capital2
  7,b7 to provide direct assi/ance to   
qualifi$ b5efici>ies 9 assess+1 pur*as+1
 acquir+1 or reta9+ eligible l&2  7,c7 =
 activities design$ to support f>m      
e/abli%m5t & long-t]m viability2  7,d7  
to e/abli% a revolv+ loan fund or o!r   
innovative f9ancial me*anism design$ = !
 purpose ( inve/+ 9 cov]$ projects      
beyond ! initial project timel9e2 &     
7,e7 to provide te*nical assi/ance t    

meets ! specific ne$s (1 & is accessible
 to qualifi$ b5efici>ies1 includ+-- 7i7 
provid+ translation & int]pretation     
s]vices2  7ii7 develop+ & c>ry+ out     
/rategies to id5tify unique ne$s & gaps 
9 access1 k1 & s]vices2 &  7iii7        
specializ$ consultation1 tra9+1 coa*+1  
capacity build+1 & m5tor+ focus$ on--   
7,i7 access+1 pur*as+1 acquir+1 or      
reta9+ eligible l&2  7,,ii7 compreh5sion
 (1 prep>ation to apply =1 & comply+ )  
,dep>tm5t ( ,agriculture programs2      
7,,iii7 succession plann+2  7,,iv7 m>ket
 plann+ & risk analysis2  7,v7          
coop]ative developm5t2  7,,vi7 legal &  
tax issues2  7,,vii7 develop+ bus9ess   
plans & feasibility /udies2  7,,viii7   
f9ancial plann+ & recordkeep+2  7,,ix7  
ent]prise1 bus9ess1 & labor managem5t2 &
  7,x7 any o!r activities z det]m9$ by !
 ,secret>y4  7#c7 ,subcontract ,an      
eligible entity may subcontract ) an    
organization to c>ry out a use or       
activity "u p>agraph 7#a7 or 7#b7 if !  
s]vices ( ! subcontractor are necess>y4 

7#d7 ,fund+ me*anism  7,a7 ,eligible    
entities ,! ,secret>y %all make fund+   
available "u ! program to eligible      
entities 9 ! =m (-- 7i7 grants2  7ii7   
coop]ative agreem5ts2  7iii7            
capitalization loans1 9 ! case ( an     
activity describ$ 9 p>agraph 7#b77;,d72 
or  7iv7 o!r means1 z det]m9$ by !      
,secret>y4  7,b7 ,qualifi$ b5efici>ies  
,9 c>ry+ out cov]$ projects "u !        
program1 an eligible entity %all provide
 direct assi/ance to qualifi$           
b5efici>ies 9 ! =m (-- 7i7 grants2  7ii7
 loans 7bo? long-t]m & int]im72 or      
7iii7 o!r direct paym5ts or assi/ance1 z
 det]m9$ by ! ,secret>y4  7#e7 ,repaym5t
 ( funds 9 case ( noncompliance ,an     
eligible entity t violates ! t]ms or    
conditions ( assi/ance provid$ "u !     
program %all reimburse ! ,secret>y = t  
assi/ance4  7f7 ,fund+  7#a7            
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ to !         
,secret>y su* sums z are necess>y to    
c>ry out ?is section4  7#b7 ,ag5cy      

contribution acc\nt ,9 addition to      
am\nts o!rwise made available "u        
p>agraph 7#a71 ! ,secret>y may use funds
 available ?r\gh #a or m contribution   
acc\nts e/abli%$ "u section             
#abda7;f77#a7 ( ! ,food ,security ,act (
 #aihe 7#af ,u4,s4,c4 #chda7;f77#a774   
7#c7 ,adm9i/ration ,( ! am\nts made     
available to c>ry out ! program1 !      
,secret>y may use an appropriate am\nt =
 ! co/s ( implem5t+ & adm9i/]+ !        
program4  7#d7 ,di/ribution ( funds     
7,a7 ,limitation ,an eligible entity t  
receives assi/ance "u ! program %all    
obligate ! am\nts = a cov]$ project by n
 lat] ?an #e ye>s aft] ! date on :i* !  
funds are made available to ! eligible  
entity1 unless ! ,secret>y det]m9es     
o!rwise4  7,b7 ,exclusion ,9 ! case ( a 
cov]$ project to support qualifi$       
b5efici>ies 9 assess+1 pur*as+1 acquir+1
 or reta9+ eligible l& = a p]iod long]  
?an ! #e-ye> p]iod describ$ 9           
subp>agraph 7,a71 section #bjj4caa (    
title #b1 ,code ( ,f$]al ,regulations   

7or a successor regulation7 %all n      
apply4