Bill
Bill > HR1576
summary
Introduced
02/25/2025
02/25/2025
In Committee
02/25/2025
02/25/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To amend the Defense Production Act of 1950 with respect to foreign investments in United States agriculture, and for other purposes.
AI Summary
This bill amends the Defense Production Act of 1950 to enhance national security protections around agricultural land and investments by foreign entities. Specifically, the bill adds the Secretary of Agriculture as a member of the Committee on Foreign Investment in the United States (CFIUS) for transactions involving agricultural land, agricultural biotechnology, and the agriculture industry. The bill requires CFIUS to review and evaluate agricultural land transactions involving foreign persons from specific countries considered adversaries: China, North Korea, Russia, and Iran. Under the new provisions, if the Secretary of Agriculture identifies a potentially concerning agricultural land transaction, CFIUS must determine whether it is a "covered transaction" and decide whether to initiate a formal review or take other authorized actions. The bill includes a sunset provision that would terminate these additional review requirements for a specific foreign country once it is removed from the official list of foreign adversaries. The overall aim is to provide additional scrutiny and protection for U.S. agricultural assets from potentially strategic foreign investments that could compromise national security.
Committee Categories
Business and Industry
Sponsors (57)
Dan Newhouse (R)*,
Mark Alford (R),
Don Bacon (R),
Tom Barrett (R),
Michael Baumgartner (R),
Aaron Bean (R),
Sheri Biggs (R),
Lauren Boebert (R),
Mike Bost (R),
Robert Bresnahan (R),
Buddy Carter (R),
Jake Ellzey (R),
Gabe Evans (R),
Brad Finstad (R),
Michelle Fischbach (R),
Chuck Fleischmann (R),
Mike Flood (R),
Scott Franklin (R),
Russell Fry (R),
Marie Gluesenkamp Pérez (D),
Lance Gooden (R),
Maggie Goodlander (D),
Michael Guest (R),
Brett Guthrie (R),
Harriet Hageman (R),
Abraham Hamadeh (R),
Ashley Hinson (R),
Jeff Hurd (R),
Dusty Johnson (R),
John Joyce (R),
Darin LaHood (R),
Doug LaMalfa (R),
Nick Langworthy (R),
Bob Latta (R),
Nicole Malliotakis (R),
Addison McDowell (R),
Mark Messmer (R),
Dan Meuser (R),
Mary Miller (R),
Mariannette Miller-Meeks (R),
John Moolenaar (R),
Riley Moore (R),
Zach Nunn (R),
Robert Onder (R),
August Pfluger (R),
Josh Riley (D),
John Rose (R),
John Rutherford (R),
Adrian Smith (R),
Chris Smith (R),
Claudia Tenney (R),
David Valadao (R),
Derrick Van Orden (R),
Gabe Vasquez (D),
Eugene Vindman (D),
Randy Weber (R),
Daniel Webster (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 02/25/2025)
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/119th-congress/house-bill/1576/all-info |
| BillText | https://www.congress.gov/119/bills/hr1576/BILLS-119hr1576ih.pdf |
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