Agricultural Security Risk Review Act

Bill: 117-s-1755
Sponsor: full_name: Sen. Tillis, Thomas [R-NC]
Introduced: 2021-05-20
Policy area: Foreign Trade and International Finance
Subjects: Agricultural trade

Corporate finance and management

Department of Agriculture

Federal officials

U.S. and foreign investments
Latest action: action_date: 2021-05-20
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2021-05-20
action_desc: Introduced in Senate
text: <p><b>Agricultural Security Risk Review Act</b></p> <p>This bill expands the membership of the Committee on Foreign Investment in the United States to include the Secretary of Agriculture. (The committee reviews the national security implications of certain foreign investments in U.S. businesses or real estate, including critical infrastructure or technologies.)</p>

tv_txt: II 117th CONGRESS 1st Session S. 1755 IN THE SENATE OF THE UNITED STATES May 20, 2021 Mr. Tillis introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Defense Production Act of 1950 to include the Secretary of Agriculture as a member of the Committee on Foreign Investment in the United States, and for other purposes.

1. Short title This Act may be cited as the Agricultural Security Risk Review Act . 2. Membership of the Committee on Foreign Investment in the United States Section 721(k)(2) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(k)(2) ) is amended— (1) by redesignating subparagraphs (H) through (J) as subparagraphs (I) through (K), respectively; and (2) by inserting after subparagraph (G) the following: (H) The Secretary of Agriculture. .