Bill > S2268

This bill amends the Defense Production Act of 1950 to enhance agricultural national security oversight by adding the Secretary of Agriculture as a member of the Committee on Foreign Investment in the United States (CFIUS) for transactions involving agricultural lands, biotechnology, and the agriculture industry. Specifically, the bill requires CFIUS to review and determine the national security implications of agricultural land transactions involving foreign persons from specific countries of concern (China, North Korea, Russia, and Iran). The Secretary of Agriculture would be empowered to notify CFIUS about potentially sensitive agricultural land transactions based on intelligence community information, and CFIUS would then decide whether to initiate a formal review or take other authorized actions. The provisions would remain in effect until the specified countries are removed from the official list of foreign adversaries. By expanding CFIUS's agricultural oversight, the bill aims to protect U.S. agricultural interests and national security by providing additional scrutiny of foreign investments in sensitive agricultural sectors and lands.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2268/all-info