Protecting US Agriculture: New Foreign Investment Rules
This act aims to protect American agriculture from uncontrolled foreign investments. It introduces new rules for the purchase of agricultural land and businesses by entities from certain countries, which may impact food security and price stability. Citizens may feel more confident about the control over domestic food production.
Key points
Introduces mandatory US government review of transactions involving the purchase of agricultural land and businesses by foreign entities.
Prohibits the purchase of US agricultural businesses and land by entities linked to the governments of China, Russia, Iran, and North Korea, unless waived by the US President.
The Secretary of Agriculture joins the government committee evaluating foreign investments, strengthening oversight of the agricultural sector.
Requires regular reports on the risks foreign purchases pose to American agriculture.
Status:
Expired
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