[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5409 Reported in House (RH)]
<DOC>
Union Calendar No. 782
118th CONGRESS
2d Session
H. R. 5409
[Report No. 118-801, Part I]
To 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.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 12, 2023
Mr. 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
concerned
December 5, 2024
Reported from the Committee on Financial Services with an amendment
[Strike out all after the enacting clause and insert the part printed
in italic]
December 5, 2024
Referral to the Committees on Foreign Affairs and Energy and Commerce
extended for a period ending not later than December 19, 2024
December 19, 2024
Additional sponsors: Mr. Nunn of Iowa, Mr. Huizenga, Mr. Sherman, Mr.
Barr and Ms. Manning
December 19, 2024
Committees 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
[For text of introduced bill, see copy of bill as introduced on
September 12, 2023]
_______________________________________________________________________
A BILL
To 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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Safeguarding American Farms from
Foreign Influence Act''.
SEC. 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.''.
Union Calendar No. 782
118th CONGRESS
2d Session
H. R. 5409
[Report No. 118-801, Part I]
_______________________________________________________________________
A BILL
To 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.
_______________________________________________________________________
December 19, 2024
Committees 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