Protecting US Farmland and Agricultural Businesses from Foreign Control.
This law aims to enhance US food security by restricting the ability of governments and entities from four specific countries (including China and Russia) to purchase American farmland and agriculture-related businesses. It mandates the review of such transactions by a special government committee, which now includes the Secretary of Agriculture. Citizens can expect increased protection for the domestic food supply chain.
Key points
Prohibits the purchase of US farmland and agricultural businesses by entities linked to China, Russia, Iran, and North Korea.
The Secretary of Agriculture joins the government committee (CFIUS) responsible for reviewing foreign investments for national security risks.
All transactions involving the purchase or lease of agricultural land by foreign entities will be subject to mandatory security review.
Expired
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