Protecting American Agriculture from Foreign Adversaries Act of 2024
About This Bill
Committee
Latest Action · August 30, 2024
Referred to the Committee on Agriculture, and in addition to the Committees on Foreign Affairs, Energy and Commerce, and Financial Services, 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.
This bill strengthens oversight of foreign investments in American agriculture by amending two existing laws. It requires the Secretary of Agriculture to join the Committee on Foreign Investment in the United States when reviewing deals involving agricultural land, agricultural technology, and related industries like transportation and processing. The bill also requires the Agriculture Secretary to notify this committee about foreign land purchases that could pose national security risks, with priority given to deals involving countries or entities designated as foreign adversaries. The legislation uses existing definitions from other national security laws to identify which foreign actors and transactions require heightened scrutiny. No new funding or specific implementation timeline is specified in the bill, which primarily modifies existing regulatory and notification procedures to give agriculture greater attention in foreign investment reviews.
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