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EconomyH.R. 620Not Yet VotedComments

FARM Act

Official title: To amend the Defense Production Act of 1950 to prevent harm and disruption to the United States agriculture industry by protecting against foreign influence over agriculture production and supply chains, and for other purposes.

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What Happened in Congress?

Pending

Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, current stage
  3. Floor Vote, not yet
  4. Outcome, not yet

What This Bill Does

This bill places the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS). It also requires CFIUS to review any investment that could result in foreign control of any U.S. agricultural business.

Further, the bill includes agricultural systems and supply chains in the definitions of critical infrastructure and critical technologies for the purposes of reviewing such investments.

The Department of Agriculture and the Government Accountability Office must each annually analyze and report on foreign influence in the U.S. agricultural industry.

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Related Documents

Timeline

  1. House committee actionsReferred to the Subcommittee on Nutrition and Foreign Agriculture.
  2. Library of CongressIntroduced in House
  3. House floor actionsReferred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.
  4. Introduced
  5. Committee

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