United States Foundation for International Food Security

(a) Establishment (1) Finding Congress finds that there has been established, in the District of Columbia, a private, nonprofit corporation, which is known as the United States Foundation for International Food Security (referred to in this Act as the “Foundation”), which is not an agency or establishment of the United States Government. (2) Savings provision Nothing in this Act may be construed as— (A) making the Foundation an agency or establishment of the United States Government; or (B) making any member of the Board of Directors of the Foundation or any officer or employee of the Foundation an employee of the United States. (3) Transfers or consolidation require act of congress Neither the Foundation nor any of its functions, powers, or duties may be transferred to, or consolidated with, any department, agency, or entity of the Federal Government absent an Act of Congress to such effect. (4) Tax-exempt status The Board shall take all necessary and appropriate steps to ensure that the Foundation is established as an organization described in subsection (c) of section 501 of the Internal Revenue Code of 1986, which exempts the organization from taxation under subsection (a) of such section. (b) Purposes The purposes of the Foundation are— (1) to accelerate enduring, primarily locally led agriculture investments that foster food security and resilience in the crop, poultry, aquaculture, and livestock industries, that focus on building economically resilient food systems by investing in— (A) financing for, distribution of, and training around key inputs required for increasing crop and animal productivity, distribution, and profits; (B) infrastructure, such as irrigation, warehousing, storage, and food processing, to improve food production and market access through better product quality and the prevention of food loss; (C) applied agricultural research; and (D) economically viable technology deployment that reduces hunger and increases agriculture production or distribution methods; (2) to prevent unnecessary or inefficient vetting processes, due diligence, project financing, or evaluation reviews by seeking out partnerships and contracting with existing government and nongovernmental entities that have proven track records; (3) to deploy and scale technology and innovation to accelerate food security and agricultural-led economic growth that reduces global hunger and malnutrition; (4) to coordinate with the United States Foundation for International Conservation; (5) to advance the national security interests of the United States; (6) to complement international and government investment and technical assistance mechanisms, such as those employed or managed by the United States International Development Finance Corporation, and United States Government food security programs, to jointly catalyze private and public sector engagement, spur agricultural-led economic growth, and strengthen local food and nutrition systems; and (7) to ensure the effective use of United States taxpayer dollars and the prioritization of United States foreign policy interests.