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S 4560

MARKET Act of 2026

119th Congress Introduced by Pete Ricketts

The act requires annual assessments to identify risks to U.S. agricultural exports from foreign adversary markets and to promote diversification toward nonadversarial markets.

Introduced in Senate
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WeVote Research Nonpartisan
Bill Summary · S 4560

Overview

S.4560, the Moving Away from Risk to Key Export Targets Act of 2026 (MAR- KET Act of 2026), introduced in the 119th Congress, directs the Secretary of Agriculture to publish an annual assessment of the United States’ dependency on exporting agricultural commodities to foreign adversaries and to identify alternative markets. The bill emphasizes risk assessment, diversification, and coordination with other federal agencies to reduce reliance on adversarial markets for key exports.

Purpose and intent

  • Establish an annual, government-wide assessment of U.S. dependency on export markets controlled or influenced by foreign adversaries.
  • Identify risks and vulnerabilities in access to covered export markets and propose strategies to reduce dependence on adversarial markets.
  • Explore and promote alternative markets in nonadversarial countries to diversify export opportunities.

Key provisions and changes

  • Definition of covered exports (included in-scope commodities):

    • Soybeans
    • Corn
    • Beef
    • Chicken
    • Pork
    • Tree nuts
    • Sorghum
    • Cotton
    • Dairy

  • Definition of foreign adversary:

    • Foreign adversaries as defined in the Secure and Trusted Communications Networks Act of 2019 (47 U.S.C. 1607(c))
    • Any foreign country identified by the Secretary under subsection (d)

  • Annual assessment and report (Section 2):

    • The Secretary of Agriculture, in coordination with the United States Trade Representative (USTR), must submit an annual report to the Senate Committee on Agriculture, Nutrition, and Forestry and the House Committee on Agriculture.
    • The report must identify risks and vulnerabilities related to access to covered export markets in foreign adversary markets that could be exploited during trade disruptions or military conflict.
    • The report must assess alternative markets to those adversarial markets.

  • Content requirements of each annual report:
    1) Analyze current and potential market access for each covered export at risk of exploitation by foreign adversaries.
    2) Provide Secretary-led recommendations (in coordination with USTR, the Secretary of Commerce, and the Secretary of State) to reduce dependence on adversarial markets.
    3) Identify alternative markets in nonadversarial countries to increase covered exports.
    4) Monitor and address changing risks posed by foreign adversaries in nonadversarial markets; include recommendations for risk mitigation and examination of the U.S.’s non-export presence in nonadversarial markets to understand how it affects market access.

  • Identification of foreign adversaries:

    • The Secretary may designate certain foreign countries as foreign adversaries for inclusion in assessments, based on long-term patterns or serious adverse conduct affecting U.S. national security or public safety.

  • Information collection, distribution, and protection:

    • Information collection from private entities is voluntary.
    • Public disclosure must aggregate data to avoid identifying individuals or entities.
    • Trade secrets, confidential business information, and other protected information must be safeguarded.
    • Reports must exclude confidential information and protect sensitive data.
    • Information provided to the Secretary for assessments is exempt from certain disclosures and may only be used to carry out the section.

  • Termination trigger:

    • The Secretary may terminate the reporting requirement when all relevant covered export markets have become sufficiently diversified.

Who would be affected

  • Covered exporters of the defined commodities (e.g., producers and exporters of soybeans, corn, beef, chicken, pork, tree nuts, sorghum, cotton, and dairy).
  • Federal agencies coordinating on trade policy and national security concerns (Department of Agriculture, USTR, Department of Commerce, Department of State).
  • Private sector entities that provide information to the government (on a voluntary basis for the assessment).
  • Taxpayers and the public via annual public reporting that emphasizes diversification and risk management.

Procedural and timeline aspects

  • Trigger: Annual requirement for a new assessment and report.
  • Coordination: Secretary of Agriculture must work with USTR; potential involvement of the Secretary of Commerce and the Secretary of State.
  • Reporting cycle: Annual reports to Congress; potential termination once diversification goals are achieved.
  • Status: Introduced May 19, 2026; referred to the Senate Committee on Agriculture, Nutrition, and Forestry.

Potential impact and considerations

  • Encourages proactive diversification of export markets away from foreign adversaries.
  • Provides a structured, data-driven framework to assess risk and inform policy decisions.
  • Could influence trade and diplomatic strategy by highlighting alternative markets and the need for resilience in agricultural supply chains.
  • Balances transparency with confidentiality protections for sensitive business information.

Compiled from official sources — confirm details with the bill’s official record.

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