Protecting US Agriculture: Scrutiny of Foreign Investments in Farmland.
This Act amends the Defense Production Act of 1950 regarding foreign investments in United States agriculture. It includes the Secretary of Agriculture in the Committee on Foreign Investment in the United States (CFIUS) for transactions involving agricultural land, biotechnology, or the agriculture industry. Additionally, it mandates that the Committee determine whether to initiate a review of agricultural land transactions involving foreign persons from China, North Korea, Russia, or Iran.
Key points
The Secretary of Agriculture becomes a member of CFIUS for transactions involving agricultural land, biotechnology, and the agriculture industry (transportation, storage, processing).
The Committee must determine whether to initiate a review for reported land transactions involving foreign persons from China, North Korea, Russia, or Iran.
The legislation is titled the "Protecting American Agriculture from Foreign Adversaries Act of 2024".
64%
VOTING RESULTS
2024-09-11
For
269
Against
149
Abstain
0
Status:
Expired
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