Press Releases
Rep. Molinaro Introduces Bipartisan Bill to Lower Food Costs By Strengthening the Supply Chain
Washington,
July 31, 2023
Washington, DC – U.S. Rep. Marc Molinaro (R-NY-19) today introduced the Food Supply Chain Capacity and Resiliency Act, a bipartisan bill that will lower food costs by strengthening the supply chain. Rep. Molinaro introduced this bipartisan bill with U.S. Reps. Ro Khanna (D-CA-17), Shontel Brown (D-OH-11), and Max Miller (R-OH-7). The pandemic exposed vulnerabilities across the entire food supply chain. A recent survey found that 70% of retailers were negatively impacted by supply chain disruptions, farmers have struggled to get products to market due to a lack of availability of shipping containers, freight rates for fresh foods have tripled in some regions, and shortages in warehouse space and increased rents are putting the supply chain at risk for disruptions. Rep. Molinaro’s bill addresses these challenges by expanding the USDA’s Food Supply Chain Guaranteed Loan Program to support new investments in America’s food supply chain. This program provides low-interest loans to businesses investing in food supply chain operations and prioritizes investments in rural, economically distressed areas. Rep. Molinaro said, “The COVID-19 pandemic exposed weak links in New York’s regional supply chain that have resulted in higher food prices. This bipartisan bill strengthens federal support for projects related to food processing, storage, distribution, and other operations that bring our food from the farm and to the grocery store. With this bill, we are taking action to make sure that our food is safe, affordable, and accessible.” Rep. Khanna said, “We need action to get food prices back under control for Americans. More than two years of a devastating pandemic has caused massive supply chain disruptions and made it difficult for regular families to afford things like eggs, milk, and baby formula. I’m proud to introduce this bipartisan bill to not only lower costs for Americans, but also help create jobs here at home and support American farmers.” |