[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9442 Introduced in House (IH)]
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118th CONGRESS
2d Session
H. R. 9442
To amend the Defense Production Act of 1950 and the Agricultural
Foreign Investment Disclosure Act of 1978 with respect to foreign
investments in United States agriculture.
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IN THE HOUSE OF REPRESENTATIVES
August 30, 2024
Mr. Newhouse introduced the following bill; which was 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
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A BILL
To amend the Defense Production Act of 1950 and the Agricultural
Foreign Investment Disclosure Act of 1978 with respect to foreign
investments in United States agriculture.
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 ``Protecting American Agriculture from
Foreign Adversaries Act of 2024''.
SEC. 2. INCLUSION OF SECRETARY OF AGRICULTURE ON COMMITTEE ON FOREIGN
INVESTMENT IN UNITED STATES AND NOTIFICATION REQUIREMENT
FOR PARTICULAR COVERED TRANSACTION.
(a) Inclusion on the Committee.--Section 721(k) of the Defense
Production Act of 1950 (50 U.S.C. 4565(k)) is amended by adding at the
end the following:
``(8) Inclusion of the secretary of agriculture.--For
purposes of paragraph (2)(J), the Secretary of Agriculture
shall be a member of the Committee with respect to a covered
transaction that involves--
``(A) agricultural land;
``(B) agriculture biotechnology; or
``(C) the agriculture industry, including
agricultural--
``(i) transportation;
``(ii) storage; and
``(iii) processing.''.
(b) Notification of a Particular Covered Transaction.--The
Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3501,
et seq.) is amended--
(1) in section 2, by adding at the end the following:
``(g)(1) The Secretary shall, to the maximum extent practicable,
notify the Committee on Foreign Investment in the United States with
respect to each covered transaction relating to agricultural land that
the Secretary has reason to believe, based on information received from
or in cooperation with the intelligence community--
``(A) may pose a risk to the national security of
the United States; and
``(B) requires a report to be submitted to the
Secretary of Agriculture under subsection (a).
``(2) Under paragraph (1), the Secretary shall prioritize
notification in the case of a covered transaction where a
foreign country of concern or a foreign entity of concern
acquires or transfers an interest in agricultural land other
than a security interest.''; and
(2) in section 9--
(A) in paragraph (5), by striking ``and'';
(B) in paragraph (6), by striking the period at the
end and inserting a semicolon; and
(C) by adding at the end the following:
``(7) the term `covered transaction' has the meaning given
such term in section 721(a) of the Defense Production Act of
1950 (50 U.S.C. 4565(a));
``(8) the terms `foreign country of concern' and `foreign
entity of concern' have the meanings given such terms in
section 10612(a) of the CHIPS Act of 2022 (42 U.S.C. 19221(a)),
respectively; and
``(9) the term `intelligence community' has the meaning
given such term in section 3 of the National Security Act of
1947 (50 U.S.C. 3003).''.
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