US SB4148

Secretary of Agriculture would provide grants (up to $100,000,000 each) and direct or guaranteed loans to expand domestic fertilizer manufacturing, processing, and storage capacity, with grant recipients required to provide 1:1 non-Federal matching funds

Eligible entities include independently owned for-profit businesses, nonprofits, producer-owned cooperatives, certified benefit corporations, Indian Tribes, and state/local governments located within the U.S. that do not hold market share equal to or greater than the fourth-largest fertilizer company

Priority given to projects that improve fertilizer production methods and efficiency technologies, dedicate capacity to U.S. agricultural production, or demonstrate improved competition and reduced prices for farmers

Funds may be used for building or purchasing facilities, predevelopment costs, equipment modernization, emission-reducing technology, workforce training, and increasing domestic storage capacity

Recipients must repay grants or loans in full if the project or facility is sold within 10 years to an entity holding market share equal to or greater than the fourth-largest fertilizer company; funding may come from the Commodity Credit Corporation