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US HB1576
Bill
Status
2/25/2025
Primary Sponsor
Dan Newhouse
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AI Summary
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Adds the Secretary of Agriculture as a member of the Committee on Foreign Investment in the United States (CFIUS) for transactions involving agricultural land, agriculture biotechnology, or the agriculture industry including transportation, storage, and processing
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Requires CFIUS to review agricultural land acquisitions by foreign persons from China, North Korea, Russia, or Iran that are reported under the Agricultural Foreign Investment Disclosure Act of 1978
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Directs CFIUS to determine whether reported agricultural land transactions qualify as covered transactions and whether to initiate formal national security reviews
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Provisions automatically terminate for each specified country when that country is removed from the federal list of foreign adversaries in 15 CFR 791.4
Legislative Description
Protecting American Agriculture from Foreign Adversaries Act of 2025
Foreign trade and international finance
Last Action
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.
2/25/2025