DARE Act of 2023

Subjects: International Affairs


<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1448 Introduced in House (IH)]

&lt;DOC&gt;






118th CONGRESS
  1st Session
                                H. R. 1448

 To amend the Defense Production Act of 1950 to prohibit investment by 
foreign adversaries in United States real estate suitable for renewable 
     energy or renewable fuels production, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 8, 2023

 Mr. Feenstra (for himself, Mr. Van Orden, Mr. Lawler, Mr. Guest, and 
  Mr. Higgins of Louisiana) 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

_______________________________________________________________________

                                 A BILL


 
 To amend the Defense Production Act of 1950 to prohibit investment by 
foreign adversaries in United States real estate suitable for renewable 
     energy or renewable fuels production, 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 ``Defend America's Rural Energy Act of 
2023'' or the ``DARE Act of 2023''.

SEC. 2. TRANSACTIONS RELATING TO UNITED STATES REAL ESTATE SUITABLE FOR 
              RENEWABLE ENERGY OR RENEWABLE FUELS PRODUCTION.

    Section 721 of the Defense Production Act of 1950 (50 U.S.C. 4565) 
is amended--
            (1) in subsection (a)(4)--
                    (A) in subparagraph (A)--
                            (i) in clause (i), by striking ``; and'' 
                        and inserting a semicolon;
                            (ii) in clause (ii), by striking the period 
                        at the end and inserting ``; and''; and
                            (iii) by adding at the end the following:
                            ``(iii) any transaction described in 
                        subparagraph (B)(vi) that is proposed, pending, 
                        or completed on or after the date of the 
                        enactment of this clause.''; and
                    (B) in subparagraph (B), by adding at the end the 
                following:
                            ``(vi) Any acquisition of, or transfer of 
                        an interest to, a foreign government or an 
                        entity acting on behalf of a foreign government 
                        with respect to--
                                    ``(I) agricultural land used to 
                                grow corn and soybeans for the purpose 
                                of renewable energy; or
                                    ``(II) land used for wind turbines 
                                or other wind energy production.''; and
            (2) by adding at the end the following:
    ``(r) Prohibition With Respect to Certain Transactions Relating to 
Real Estate Suitable for Renewable Energy or Renewable Fuels 
Production.--
            ``(1) In general.--Notwithstanding any other provision of 
        law, a covered country (or a person acting on behalf of a 
        covered country) may not acquire any interest with respect to 
        land described in subclause (I) or (II) of subsection 
        (a)(4)(B)(vi).
            ``(2) Covered country.--In this subsection, the term 
        `covered country' means each of the following:
                    ``(A) China.
                    ``(B) Iran.
                    ``(C) North Korea.
                    ``(D) Russia.''.
                                 &lt;all&gt;
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