118 HR 5409 RH: Safeguarding American Farms from Foreign Influence Act U.S. House of Representatives 2024-12-19 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IBUnion Calendar No. 782118th CONGRESS2d SessionH. R. 5409[Report No. 118–801, Part I]IN THE HOUSE OF REPRESENTATIVESSeptember 12, 2023Mr. Luetkemeyer introduced the following bill; which was 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 concernedDecember 5, 2024Reported from the Committee on Financial Services with an amendmentStrike out all after the enacting clause and insert the part printed in italicDecember 5, 2024Referral to the Committees on Foreign Affairs and Energy and Commerce extended for a period ending not later than December 19, 2024December 19, 2024Additional sponsors: Mr. Nunn of Iowa, Mr. Huizenga, Mr. Sherman, Mr. Barr and Ms. ManningDecember 19, 2024Committees on Foreign Affairs and Energy and Commerce discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printedFor text of introduced bill, see copy of bill as introduced on September 12, 2023A BILLTo amend the Defense Production Act of 1950 to require the Committee on Foreign Investment in the United States to determine whether a national security review is needed for reportable agricultural land transactions referred by the Secretary of Agriculture, and for other purposes.

1.

Short title

This Act may be cited as the Safeguarding American Farms from Foreign Influence Act.

2.

Consideration of certain agricultural land transactions

Section 721(b)(1) of the Defense Production Act of 1950 (50 U.S.C. 4565(b)(1)) is amended by adding at the end the following:(I)

Consideration of certain agricultural land transactions

(i)

Notification

The Secretary of Agriculture shall notify the Committee of any reportable agricultural land transaction that the Secretary of Agriculture has reason to believe may raise national security concerns.(ii)

Determination

After receiving notification from the Secretary of Agriculture of a reportable agricultural land transaction, the Committee shall determine—(I)whether the transaction is a covered transaction; and(II)if the Committee determines that the transaction is a covered transaction, whether the Committee should initiate a review pursuant to subparagraph (D), or take another action authorized under this section, with respect to the reportable agricultural land transaction.(iii)

Reportable agricultural land transaction

In this subparagraph, the term reportable agricultural land transaction means a transaction—(I)that the Secretary of Agriculture has reason to believe is a covered transaction;(II)that involves the acquisition of an interest in agricultural land by a foreign person, other than by an excepted investor or an excepted real estate investor, as such terms are defined in regulations prescribed by the Committee; and(III)with respect to which a person is required to submit a report to the Secretary of Agriculture under section 2(a) of the Agricultural Foreign Investment Disclosure Act of 1978..

December 19, 2024Committees on Foreign Affairs and Energy and Commerce discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed