We have received text from S. 4249: Farmworker Access and Retention Modernization Stability Act. This bill was received on 2026-03-26, and currently has 8 cosponsors.
Here is a short summary of the bill:
The bill, known as the Farmworker Access and Retention Modernization Stability Act, proposes updates to wage regulations for H-2A agricultural workers. It aims to give the Secretary of Labor the authority to set annual wage rates for these workers based on their skill levels. Here is an overview of what the bill entails:
Wage Tiers for H-2A Workers
The bill introduces a 2-tiered wage structure for H-2A workers, which classifies jobs into two categories based on skill and experience. These are:
- Skill Level I: Designated for entry-level positions that do not require extensive experience.
- Skill Level II: Reserved for positions that demand formal education, training certificates, or significant experience in agricultural operations. Workers in this category would receive a higher wage than those in Skill Level I.
Annual Wage Rate Establishment
The Secretary of Labor will annually determine the minimum wage rates that must be paid to H-2A workers, which could be different from the existing Federal or State minimum wage rates applicable to agricultural employment. These rates will be influenced by the skill levels of the jobs as described in the 2-tiered system.
Compensation Adjustment for Housing
Additionally, the bill includes provisions for adjusting wages to account for housing provided to H-2A workers. This will involve:
- Establishing a compensation adjustment factor that reflects the value of the housing provided.
- Calculating this factor based on a weighted statewide average of fair market rents for a 4-bedroom housing unit, as gathered by the Department of Housing and Urban Development.
- Ensuring that the compensation adjustment does not exceed 30 percent of the relevant wage rate established for that state.
By implementing these changes, the bill seeks to create a more structured and fair compensation system for agricultural workers who come to the U.S. through the H-2A visa program, making it easier for employers and ensuring that workers are compensated fairly based on their skills and living circumstances.
Relevant Companies
None found
Senator Ted Budd Bill Proposals
Here are some bills which have recently been proposed by Senator Ted Budd:
- S.4249: FARM Stability Act
- S.4219: Abraham Accords Defense Cooperation Act of 2026
- S.4171: Virtual Currency Tax Fairness Act
- S.4170: Regulation A+ Improvement Act of 2026
- S.4098: Artificial Intelligence-Ready Data Act
- S.4022: Disaster Recovery Improvement Act
You can track bills proposed by Senator Ted Budd on Quiver Quantitative's politician page for Budd.
Senator Ted Budd Net Worth
Quiver Quantitative estimates that Senator Ted Budd is worth $6.2M, as of April 9th, 2026. This is the 148th highest net worth in Congress, per our live estimates.
Budd has approximately $482.2K invested in publicly traded assets which Quiver is able to track live.
You can track Senator Ted Budd's net worth on Quiver Quantitative's politician page for Budd.
2028 North Carolina US Senate Election
There has been approximately $41,397,400 of spending in North Carolina US Senate elections over the last two years, per our estimates.
Approximately $4,579,869 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- AMERICANS FOR PROSPERITY ACTION, INC. (AFP ACTION) DBA CVA ACTION AND DBA LIBRE ACTION ($3,477,772)
- SLF PAC ($580,889)
- SENATE LEADERSHIP FUND ($486,226)
- MODSQUAD ACTION ($15,000)
- SUPPORT AMERICA'S POLICE PAC ($12,569)
The rating for this race is currently "Toss Up".
You can track this election on our matchup page for the 2028 North Carolina US Senate election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
