Bill > S179

This bill, known as the Foreign Adversary Risk Management Act (FARM Act), aims to strengthen protections for the U.S. agriculture industry against foreign influence by amending the Defense Production Act of 1950. The bill expands the Committee on Foreign Investment in the United States (CFIUS) by adding the Secretary of Agriculture as a representative and broadening its scope to review agricultural investments. Specifically, the bill requires CFIUS to review transactions involving foreign control of U.S. agriculture businesses, including mergers, acquisitions, and transfers. It also classifies agricultural systems and supply chains as critical infrastructure and critical technologies, which provides additional regulatory oversight. The bill mandates that the Secretary of Agriculture and the Comptroller General conduct a comprehensive analysis of foreign investments in the U.S. agriculture industry within one year of enactment, with a detailed report to Congress. This report must cover foreign investments, potential risks to agricultural production, major international threats, and potential espionage or intellectual property theft targeting the agricultural sector. The goal is to protect U.S. agricultural independence and prevent foreign entities from gaining undue control over food production and related supply chains.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/179/all-info