Bill > HR5760

This bill amends the Defense Production Act of 1950 to expand the oversight of foreign investments in U.S. agricultural businesses and real estate by the Committee on Foreign Investment in the United States (CFIUS). The bill specifically adds the Secretary of Agriculture to the CFIUS committee and requires review of agricultural-related transactions involving foreign investors. It broadens CFIUS's authority to scrutinize and potentially prohibit investments from foreign entities, particularly those from countries deemed sensitive (China, Russia, Iran, and North Korea), in U.S. agricultural businesses and agricultural real estate. The bill mandates that CFIUS must prohibit transactions that would result in foreign control of U.S. agricultural businesses or real estate, with a limited waiver option if the President determines the transaction is vital to national security interests. Additionally, the bill requires the Secretary of Agriculture to submit a report every 180 days assessing the risks that foreign purchases of U.S. agricultural businesses pose to the national agricultural sector. The legislation aims to protect U.S. agricultural infrastructure and resources from potential foreign strategic investments that could compromise national security.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/5760/all-info