FARM Act

S 3068 (FARM Act) requires farm equipment manufacturers (OEMs) to provide owners and independent repair shops with necessary parts, tools, documentation, and equipment data on "fair and reasonable terms." It prohibits OEMs from imposing unnecessary restrictions, such as requiring repair shops to become authorized dealers or restricting access to security features needed for repairs. The bill mandates that replacement parts must be installable using commonly available tools or tools provided fairly by the manufacturer. Violations would be enforced by the FTC with escalating daily penalties, up to $5,000 per day for repeat offenses.