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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.
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Expired
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Additional Information
Print number: 117_S_4786
Sponsor: Sen. Rounds, Mike [R-SD]
Process start date: 2022-08-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PASS Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4786.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-08-06.

What are the main provisions?

Key points include:

  • 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.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Rounds, Mike [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Agriculture Security Real Estate