Safeguarding American Farms from Foreign Influence Act

Bill: 118-hr-5409
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Introduced: 2023-09-12 in the House
Policy area: Foreign Trade and International Finance
Subjects: Agricultural trade
Congressional oversight
Farmland
Government information and archives
Land transfers
U.S. and foreign investments

Summary:
action_date: 2023-09-12
text: 

Safeguarding American Farms from Foreign Influence Act

This bill requires the Committee on Foreign Investment in the United States (CFIUS) to determine whether a national security review is necessary for reportable agricultural land transactions that are referred by the Department of Agriculture (USDA). (CFIUS oversees the national security risks of certain foreign investment in the United States. CFIUS has the authority to review covered transactions, which include mergers, acquisitions, and takeovers that could result in foreign control of a U.S. business; certain noncontrolling investments in businesses involved in critical technologies, critical infrastructure, or sensitive personal data; and certain real estate transactions. The President may, at the recommendation of CFIUS, suspend or prohibit transactions that threaten to impair U.S. national security.)

Specifically, the bill directs CFIUS to, within 30 days of receiving notification from USDA, determine (1) whether a reportable agricultural land transaction is a covered transaction, and (2) whether CFIUS should initiate a national security review or take another action with respect to the transaction. 

Under this bill, 
reportable agricultural land transaction
 means a transaction (1) that USDA has reason to believe is a covered transaction; (2) that involves the acquisition of an interest in agricultural land by a foreign person, other than by a foreign person of an excepted foreign state or an excepted real estate foreign state, as such terms are defined in CFIUS regulations; and (3) with respect to which a foreign person is required to submit a report to USDA regarding their agricultural land transactions.


Legislative actions:
action_date: 2024-12-19
text: Placed on the Union Calendar, Calendar No. 782.
action_date: 2024-12-19
text: Committee on Energy and Commerce discharged.
action_date: 2024-12-19
text: Committee on Energy and Commerce discharged.
action_date: 2024-12-19
text: Committee on Foreign Affairs discharged.
action_date: 2024-12-19
text: Committee on Foreign Affairs discharged.
action_date: 2024-12-05
text: House Committee on Energy and Commerce Granted an extension for further consideration ending not later than Dec. 19, 2024.
action_date: 2024-12-05
text: House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Dec. 19, 2024.
action_date: 2024-12-05
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-801, Part I.
action_date: 2024-12-05
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-801, Part I.
action_date: 2023-09-20
text: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 44 - 0.
action_date: 2023-09-20
text: Committee Consideration and Mark-up Session Held
action_date: 2023-09-12
text: 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.
action_date: 2023-09-12
text: 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.
action_date: 2023-09-12
text: 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.
action_date: 2023-09-12
text: Introduced in House
action_date: 2023-09-12
text: Introduced in House