Bill
Bill > HR683
summary
Introduced
01/31/2023
01/31/2023
In Committee
01/31/2023
01/31/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Defense Production Act of 1950 to include the Secretary of Agriculture on the Committee on Foreign Investment in the United States and require review of certain agricultural transactions, and for other purposes.
AI Summary
This bill, the Promoting Agriculture Safeguards and Security Act of 2023 or the PASS Act of 2023, amends the Defense Production Act of 1950 to include the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS) and require review of certain agricultural transactions. Specifically, it expands CFIUS's jurisdiction to cover investments by foreign persons in U.S. businesses engaged in agriculture or biotechnology related to agriculture, as well as the purchase, lease, or concession of U.S. agricultural real estate by foreign persons. The bill also prohibits CFIUS-reviewed transactions that would result in control by certain "covered foreign persons" (e.g., entities tied to China, Russia, Iran, or North Korea) over U.S. agricultural businesses or real estate, unless the President determines it is vital to national security interests to grant a waiver.
Committee Categories
Business and Industry
Sponsors (43)
Elise Stefanik (R)*,
Jim Baird (R),
Troy Balderson (R),
Stephanie Bice (R),
Vern Buchanan (R),
John Carter (R),
Lori Chavez-DeRemer (R),
Ben Cline (R),
Tom Cole (R),
Jim Costa (D),
Rick Crawford (R),
Scott DesJarlais (R),
George Devolder-Santos (R),
Byron Donalds (R),
Brad Finstad (R),
Brian Fitzpatrick (R),
Wesley Hunt (R),
Ronny Jackson (R),
Dusty Johnson (R),
Mike Johnson (R),
Jen Kiggans (R),
Doug LaMalfa (R),
Anna Luna (R),
Carol Miller (R),
Mary Miller (R),
Max Miller (R),
Mariannette Miller-Meeks (R),
Marc Molinaro (R),
John Moolenaar (R),
Barry Moore (R),
Dan Newhouse (R),
Ralph Norman (R),
Burgess Owens (R),
John Rose (R),
David Rouzer (R),
John Rutherford (R),
María Salazar (R),
Austin Scott (R),
Claudia Tenney (R),
David Valadao (R),
Brad Wenstrup (R),
Bruce Westerman (R),
Rob Wittman (R),
Last Action
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 01/31/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/683/all-info |
| BillText | https://www.congress.gov/118/bills/hr683/BILLS-118hr683ih.pdf |
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