Protecting Our Produce Act
Summary
HR7762 is an early-stage bill authorizing a pilot program for recovery payments to producers of seasonal and perishable crops affected by low import prices. No funding is specified, and the bill is referred to subcommittees with no cosponsors, indicating low legislative momentum with no near-term market impact.
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Key Takeaways
- 1.No funding appropriations; the bill only authorizes a pilot program.
- 2.Early legislative stage with no action since April 2026.
- 3.Single sponsor with no cosponsors indicates low momentum.
Market Implications
No direct market implications. The bill is too early to affect any company's revenue or competitive position. The agricultural sector as a whole is unaffected until further legislative progress occurs.
Full Analysis
The Protecting Our Produce Act (HR7762) was introduced on March 3, 2026, by Rep. Bishop (D-GA) and referred to the House Agriculture Committee, then to the Subcommittee on Nutrition and Foreign Agriculture and Subcommittee on General Farm Commodities on April 3, 2026. No further action has occurred in over four months, and the bill has zero cosponsors. The bill proposes to amend the Specialty Crops Competitiveness Act of 2004 to require the Secretary of Agriculture to establish a pilot program providing recovery payments to producers of specific seasonal and perishable crops (asparagus, bell pepper, blueberry, cucumber, squash) when the effective price falls below a reference price due to imports. The bill does not authorize or appropriate any specific dollar amount; it only authorizes the creation of a pilot program. Actual funding would require a separate appropriations bill. The single sponsor and lack of cosponsors, combined with the early stage of the legislative process, make passage unlikely in the near term. No convergence signals were provided, and the bill has no direct market implications at this stage. The agricultural sector could theoretically benefit if the program were funded and implemented, but that is a distant prospect.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
DEPARTMENT OF EDUCATION CALIFORNIA: $1.7B Department of Agriculture Grant
ADMINISTRACION DE DESARROLLO SOCIOECONOMICO DE LA FAMILIA: $2.5B Department of Agriculture Federal Award
NEW YORK STATE EDUCATION DEPARTMENT: $1.5B Department of Agriculture Grant
DEPARTMENT OF SOCIAL SERVICES CALIFORNIA: $1.2B Department of Agriculture Grant
PUBLIC HEALTH, CALIFORNIA DEPARTMENT OF: $870M Department of Agriculture Grant
DEPARTMENT OF AGRICULTURE & CONSUMER SERVICES FLORIDA: $677M Department of Agriculture Grant
NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION: $625M Department of Agriculture Grant
DEPARTMENT OF AGRICULTURE & CONSUMER SERVICES FLORIDA: $986M Department of Agriculture Grant
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Temporary Suspension of Additional Duties to Offset Canadian Discrimination Against the Commerce of the United States with Respect to Alcoholic Beverages, Dairy, and Motor Vehicles
This proclamation postpones the effective date of previously imposed additional ad valorem duties (up to 50%) on Canadian imports of alcoholic beverages, dairy, and motor vehicles—originally set for August 19, 2026—to August 22, 2026, citing Canada's commitment to remove discriminatory practices. It uses authority under Section 338 of the Tariff Act of 1930, Section 604 of the Trade Act of 1974, and directs U.S. Customs and Border Protection and other agencies to suspend collection and implement refunds as needed.
Adjusting Imports of Unmanned Aircraft Systems and Unmanned Aircraft Systems Components into the United States
This proclamation imposes a 100% ad valorem tariff on imports of unmanned aircraft systems (UAS) over 25 kg, those with thermal imagers, docking stations, and certain components, and a 25% tariff on UAS under 25 kg and other components, citing national security under Section 232 of the Trade Expansion Act. It also authorizes the Department of Commerce to establish an onshoring program offering preferential tariff treatment for companies that build new U.S. manufacturing facilities for UAS and components.
Actions by the United States in the Investigations under Section 301 of the Trade Act of 1974 of the Acts, Policies, and Practices of 60 Economies Related to the Failure of Each Economy to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor
This Presidential Memorandum directs the U.S. Trade Representative to impose Section 301 tariffs on imports from 60 economies due to their failure to prohibit or effectively enforce forced labor import bans. Tariffs are set at 10% ad valorem for certain economies with partial enforcement or commitments, and 12.5% for others, with exemptions for raw materials and products causing domestic supply issues, and plans for textile tariff-rate quotas by September 2026. The action aims to eliminate the identified unreasonable trade practices through these tariffs and incentives.
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