HOUSE 1448118th CongressReferred 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.

DARE Act of 2023

Last Action: 3/8/2023

Actions

2023-03-08Referred 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.
2023-03-08Referred 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.
2023-03-08Referred 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.
2023-03-08Introduced in House
2023-03-08Introduced in House

CRS Summary

As of 2023-03-08 (00)

Defend America's Rural Energy Act of 2023 or the DARE Act of 2023

This bill requires the Committee on Foreign Investment in the United States (CFIUS) to review certain real estate transactions by foreign governments. (CFIUS is an interagency committee that oversees the national security risk of certain foreign direct investments in the U.S. economy. It may recommend that the President suspend or prohibit certain transactions.)

Under the bill, CFIUS must review the acquisition by a foreign government or an entity acting on its behalf of (1) agricultural land used to grow corn and soybeans for the purpose of renewable energy, or (2) land used for wind turbines or other wind energy production. The transfer of an interest in such land to a foreign government or an entity acting on its behalf is likewise subject to CFIUS review.

The bill also prohibits China, Russia, Iran, and North Korea, as well as persons acting on their behalf, from acquiring any interest in these types of land.

Cosponsors (11)

Derrick Van Orden (R-WI)
Michael Lawler (R-NY)
Michael Guest (R-MS)
Clay Higgins (R-LA)
Ronny Jackson (R-TX)
Don Bacon (R-NE)
W. Steube (R-FL)
Lori Chavez-DeRemer (R-OR)
Mike Flood (R-NE)
Mariannette Miller-Meeks (R-IA)
Zachary Nunn (R-IA)

Read on Congress.gov

Sourced from Congress.gov (public domain).

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