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Expands national‑security review of foreign investments in U.S. agriculture. It adds the Secretary of Agriculture to the foreign investment review committee whenever a deal involves agricultural land, agricultural biotechnology, or the agriculture industry (including transport, storage, and processing).
It also requires the committee to act when the Secretary of Agriculture flags certain foreign purchases of U.S. agricultural land tied to federal “foreign adversary” countries and already reportable under the Agricultural Foreign Investment Disclosure Act. The committee must decide if the deal is covered and whether to open a formal review or take another authorized action. The added trigger for each country ends if that country is removed from the federal foreign‑adversary list. No funding levels, deadlines, or effective date are specified.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2865)
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced February 27, 2025 by Frank D. Lucas · Last progress 8 months ago