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Agricultural Security: New Rules for Foreign Investment Review

This act aims to enhance the nation's food and economic security. It introduces changes that will allow better control over foreign investments in American agricultural land and technologies, potentially impacting food price stability and the availability of agricultural products for citizens.
Key points
The Secretary of Agriculture will join the committee reviewing foreign investments, strengthening oversight of transactions in the agricultural sector.
New rules will cover the purchase of agricultural land, agricultural biotechnology, and other agriculture-related transactions, protecting the nation's strategic resources.
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Additional Information
Print number: 118_HR_3378
Sponsor: Rep. Lucas, Frank D. [R-OK-3]
Process start date: 2023-05-16