We have received text from H.R. 10929: Protecting American Hemp Farmers Act. This bill was received on 2026-10-29, and currently has no cosponsors.
Here is a short summary of the bill:
This bill would add new trade and testing rules for imported hemp-related products, especially those coming from China.
Tariff on hemp products from China
The bill would require the President to impose an additional 50% duty, or tariff, on certain hemp-derived cannabinoid products from China when they are imported into the United States. This would apply to products such as cannabinoid isolates, distillates, naturally derived cannabinoids, synthetic cannabinoids, and chemically altered cannabinoids that are classified under specific customs categories.
The new tariff would begin applying to covered imports entered into the U.S. customs system 90 days after the bill becomes law.
New tariff categories for cannabinoids
The bill would direct the government to create separate tariff classifications for several kinds of cannabinoid products. These categories would include:
- cannabinoid isolates;
- cannabinoid distillates;
- naturally derived cannabinoids;
- synthetic cannabinoids; and
- chemically altered cannabinoids.
The bill also defines these terms for customs purposes. For example, it describes an isolate as a highly purified crystalline powder, a distillate as a concentrated oil refined through distillation, and a chemically altered cannabinoid as a plant extract that has been changed into a different compound, including forms such as delta-8 THC, delta-9 THC, and delta-10 THC.
Rules to prevent tariff evasion
The bill would require Customs and Border Protection to gather extra information or certifications from importers to help ensure products subject to the new tariff are not routed through other countries to avoid the duty. This includes preventing evasion through transshipment, repackaging, blending, or minimal processing in third countries.
Mandatory testing for imported cannabinoid products
For imported cannabinoid products that are intended for human consumption, the bill would require mandatory testing for a set of safety-related concerns. The testing would look for:
- heavy metals, including lead, cadmium, mercury, arsenic, molds, and mycotoxins;
- pesticide residues;
- microbial contamination;
- residual solvents; and
- synthetic byproducts and unknown compounds.
Customs and Border Protection, working with the Food and Drug Administration, would be responsible for putting these testing requirements into place.
Public reporting
The bill would require Customs and Border Protection and the U.S. International Trade Commission to publish annual public reports with aggregate data on these imports. The reports would include information by country of origin, cannabinoid type, quantity, and customs value, as well as summary information about testing results and how often import lots were refused because of testing.
Relevant Companies
- None found
Representative Val T. Hoyle Bill Proposals
Here are some bills which have recently been proposed by Representative Val T. Hoyle:
- H.R.10929: Protecting American Hemp Farmers Act
- H.R.10823: Northwest Wetlands Voluntary Incentives Program Act
- H.R.10444: Stop Corporate Takeovers of Physicians Act of 2026
- H.R.10094: Affordable Pricing for Taxpayer-Funded Prescription Drugs Act of 2026
- H.R.9281: DASH Act
- H.R.8719: Shared Micromobility Investment Act
You can track bills proposed by Representative Val T. Hoyle on Quiver Quantitative's politician page for Hoyle.
Representative Val T. Hoyle Net Worth
Quiver Quantitative estimates that Representative Val T. Hoyle is worth $1.0M, as of October 31st, 2026. This is the 341st highest net worth in Congress, per our live estimates.
Hoyle has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Val T. Hoyle's net worth on Quiver Quantitative's politician page for Hoyle.
Representative Val T. Hoyle Stock Trading
We have data on up to $6.2M of trades from Representative Val T. Hoyle, which we parsed from STOCK Act filings. Some of the largest trades include:
- A September 23rd, 2025 sale of up to $100K of $NVDA. The stock has risen 14.69% since then.
- A October 29th, 2024 purchase of up to $50K of $MSFT. The stock has risen 20.83% since then.
- A September 23rd, 2025 sale of up to $50K of $META. The stock has fallen 18.59% since then.
- A September 23rd, 2025 sale of up to $50K of $AAPL. The stock has risen 35.45% since then.
- A September 23rd, 2025 sale of up to $50K of $GOOGL. The stock has risen 11.2% since then.
You can track Representative Val T. Hoyle's stock trading on Quiver Quantitative's politician page for Hoyle.
2026 Oregon's 4th Congressional District Election
There has been approximately $4,473,454 of spending in Oregon's 4th congressional district elections over the last two years, per our estimates.
Approximately $1,421,745 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- SAFER STRONGER OREGON PAC ($875,000)
- THINK BIG ($292,418)
- NEW ENGAGEMENT PAC ($212,500)
- THE GUARDIAN SUPER PAC ($37,190)
- WORKING AMERICA ($4,582)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Oregon's 4th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
