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Adds the Secretary of Agriculture to the national security panel that reviews foreign investments, but only for agriculture‑related deals. It also directs that certain foreign purchases, leases, or concessions of U.S. farmland tied to countries on the federal “foreign adversary” list must be considered by that panel when the Agriculture Secretary flags them.
The measure defines which agricultural land transactions are covered and sets an expiration tied to when the specified countries are no longer designated as foreign adversaries. It does not spend money or change taxes, but it increases scrutiny and potential delays for some foreign farmland deals.
Referred 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.
Introduced February 25, 2025 by Daniel Milton Newhouse · Last progress 1 year ago