Sponsors (2)
Introduced October 14, 2025 by Elise M. Stefanik · Last progress October 14, 2025
The bill increases protection of U.S. agricultural assets and supply chains by expanding CFIUS oversight and elevating USDA involvement, at the cost of reduced foreign investment options, higher compliance burdens, transaction uncertainty, and potential for retaliatory trade effects.
Farmers, agricultural businesses, and rural communities: reduced risk of acquisition or control by entities tied to China, Russia, Iran, or North Korea, helping protect domestic food-production assets and supply-chain integrity.
Farmers, state governments, and taxpayers: stronger federal oversight of agricultural transactions because CFIUS review is explicitly expanded to cover agricultural investments and real-estate purchases/leases, making risky transactions more likely to be vetted or blocked before they threaten supply chains.
Farmers, agricultural stakeholders, and Congress: improved sector-specific risk assessment and transparency because the Secretary of Agriculture is added to the CFIUS committee and is required to report on foreign purchase risks every 180 days.
Small agricultural businesses, landowners, and farmers: reduced pool of potential buyers and investment capital (and possible lower sale prices) because buyers from targeted countries may be barred, shrinking financing and exit options.
Small businesses and financial institutions: higher compliance and due-diligence costs and greater legal uncertainty because the bill's broad "covered foreign person" definition can sweep in dual nationals, subsidiaries, or multinational firms.
Small businesses and farmers: increased transaction uncertainty and potential delays because presidential waivers are handled case-by-case and decisions (including at least a 30-day period after a national-security determination) can leave deals unresolved for extended periods.
Based on analysis of 2 sections of legislative text.
Expands federal foreign‑investment review to cover agricultural businesses and farmland and bars covered foreign persons from China, Russia, Iran, and North Korea from acquiring them unless the President waives the ban.
Expands the government’s foreign investment review to cover agricultural businesses and U.S. real estate used for agriculture, and bars certain buyers from specific foreign countries from buying or controlling those assets unless the President grants a narrow waiver. It adds the Secretary of Agriculture to the review committee, defines “agriculture” by statute, makes the changes apply to transactions proposed or pending on or after enactment, and requires repeated risk reports from the Secretary of Agriculture to congressional agriculture committees.