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HOUSE 5409118th CongressPlaced on the Union Calendar, Calendar No. 782.

Safeguarding American Farms from Foreign Influence Act

Last Action
12/19/2024

Actions

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

Showing 15 of 16 actions. Full history on Congress.gov.

CRS Summary

As of 2023-09-12 (00)

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.

Cosponsors (5)

  • Zachary Nunn (R-IA)
  • Bill Huizenga (R-MI)
  • BRAD SHERMAN (D-CA)
  • Andy Barr (R-KY)
  • Kathy Manning (D-NC)

Subjects

  • Agricultural trade
  • Congressional oversight
  • Farmland
  • Government information and archives
  • Land transfers
  • U.S. and foreign investments
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.