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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5409 Reported in House (RH)]

<DOC>

                                                 Union Calendar No. 782
118th CONGRESS
  2d Session
                                H. R. 5409

                      [Report No. 118-801, Part I]

To amend the Defense Production Act of 1950 to require the Committee on 
Foreign Investment in the United States to determine whether a national 
security review is needed for reportable agricultural land transactions 
   referred by the Secretary of Agriculture, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           September 12, 2023

 Mr. Luetkemeyer introduced the following bill; which was 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

                            December 5, 2024

  Reported from the Committee on Financial Services with an amendment
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

                            December 5, 2024

 Referral to the Committees on Foreign Affairs and Energy and Commerce 
     extended for a period ending not later than December 19, 2024

                           December 19, 2024

 Additional sponsors: Mr. Nunn of Iowa, Mr. Huizenga, Mr. Sherman, Mr. 
                          Barr and Ms. Manning

                           December 19, 2024

   Committees on Foreign Affairs and Energy and Commerce discharged; 
committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed
    [For text of introduced bill, see copy of bill as introduced on 
                          September 12, 2023]

_______________________________________________________________________

                                 A BILL

 
To amend the Defense Production Act of 1950 to require the Committee on 
Foreign Investment in the United States to determine whether a national 
security review is needed for reportable agricultural land transactions 
   referred by the Secretary of Agriculture, and for other purposes.

 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Safeguarding American Farms from 
Foreign Influence Act''.

SEC. 2. CONSIDERATION OF CERTAIN AGRICULTURAL LAND TRANSACTIONS.

    Section 721(b)(1) of the Defense Production Act of 1950 (50 U.S.C. 
4565(b)(1)) is amended by adding at the end the following:
                    ``(I) Consideration of certain agricultural land 
                transactions.--
                            ``(i) Notification.--The Secretary of 
                        Agriculture shall notify the Committee of any 
                        reportable agricultural land transaction that 
                        the Secretary of Agriculture has reason to 
                        believe may raise national security concerns.
                            ``(ii) Determination.--After receiving 
                        notification from the Secretary of Agriculture 
                        of a reportable agricultural land transaction, 
                        the Committee shall determine--
                                    ``(I) whether the transaction is a 
                                covered transaction; and
                                    ``(II) if the Committee determines 
                                that the transaction is a covered 
                                transaction, whether the Committee 
                                should initiate a review pursuant to 
                                subparagraph (D), or take another 
                                action authorized under this section, 
                                with respect to the reportable 
                                agricultural land transaction.
                            ``(iii) Reportable agricultural land 
                        transaction.--In this subparagraph, the term 
                        `reportable agricultural land transaction' 
                        means a transaction--
                                    ``(I) that the Secretary of 
                                Agriculture has reason to believe is a 
                                covered transaction;
                                    ``(II) that involves the 
                                acquisition of an interest in 
                                agricultural land by a foreign person, 
                                other than by an excepted investor or 
                                an excepted real estate investor, as 
                                such terms are defined in regulations 
                                prescribed by the Committee; and
                                    ``(III) with respect to which a 
                                person is required to submit a report 
                                to the Secretary of Agriculture under 
                                section 2(a) of the Agricultural 
                                Foreign Investment Disclosure Act of 
                                1978.''.
                                                 Union Calendar No. 782

118th CONGRESS

  2d Session

                               H. R. 5409

                      [Report No. 118-801, Part I]

_______________________________________________________________________

                                 A BILL

To amend the Defense Production Act of 1950 to require the Committee on 
Foreign Investment in the United States to determine whether a national 
security review is needed for reportable agricultural land transactions 
   referred by the Secretary of Agriculture, and for other purposes.

_______________________________________________________________________

                           December 19, 2024

   Committees on Foreign Affairs and Energy and Commerce discharged; 
committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed
```