[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 620 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 620
To amend the Defense Production Act of 1950 to prevent harm and
disruption to the United States agriculture industry by protecting
against foreign influence over agriculture production and supply
chains, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 22, 2025
Mr. Jackson of Texas (for himself, Mr. Sessions, Mr. Panetta, Mr.
Vicente Gonzalez of Texas, Mr. Moylan, Mr. Zinke, Mr. Estes, Mr.
Finstad, Mrs. Hinson, Mrs. Miller of Illinois, Mr. Costa, Mr. Fallon,
Mr. Messmer, Mr. Rose, Mr. Weber of Texas, Mr. Johnson of South Dakota,
Mr. Newhouse, and Mr. Crawford) introduced the following bill; which
was referred to the Committee on Financial Services, and in addition to
the Committee on Agriculture, 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
_______________________________________________________________________
A BILL
To amend the Defense Production Act of 1950 to prevent harm and
disruption to the United States agriculture industry by protecting
against foreign influence over agriculture production and supply
chains, 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 ``Foreign Adversary Risk Management
Act'' or the ``FARM Act''.
SEC. 2. UNITED STATES AGRICULTURE INCLUDED IN COMMITTEE ON FOREIGN
INVESTMENT IN THE UNITED STATES.
(a) Agriculture Representative.--Section 721(k)(2) of the Defense
Production Act of 1950 (50 U.S.C. 4565(k)(2)) is amended--
(1) by redesignating subparagraphs (H), (I), and (J) as
subparagraphs (I), (J), and (K), respectively; and
(2) by inserting after subparagraph (G) the following:
``(H) The Secretary of Agriculture.''.
(b) Review of Agriculture Investments by Foreign Entities.--Section
721(a)(4) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(4))
is amended--
(1) in subparagraph (A)--
(A) in clause (i), by striking ``; and'' and
inserting a semicolon;
(B) in clause (ii), by striking the period at the
end and inserting ``; and''; and
(C) by adding at the end the following:
``(iii) any transaction described in
subparagraph (B)(vi) that is proposed, pending,
or completed on or after the date of the
enactment of the Foreign Adversary Risk
Management Act.''; and
(2) in subparagraph (B), by adding at the end the
following:
``(vi) Any transaction, merger,
acquisition, transfer, agreement, takeover, or
other arrangement that could result in foreign
control of any United States business that is
engaged in agriculture and uses agricultural
products (as defined in the first section of
the Act of July 2, 1926 (44 Stat. 802, chapter
725; 7 U.S.C. 451)).''.
(c) Agricultural Supply Chains Included in Critical
Infrastructure.--Section 721(a)(5) of the Defense Production Act of
1950 (50 U.S.C. 4565(a)(5)) is amended--
(1) by striking ```critical infrastructure' means'' and
inserting the following: ```critical infrastructure'--
``(i) means'';
(2) by striking the period at the end and inserting ``;
and''; and
(3) by adding at the end the following:
``(ii) includes, subject to regulations
prescribed by the Committee, agricultural
systems and supply chains.''.
(d) Agricultural Supply Chains Included as Critical Technologies.--
Section 721(a)(6)(A) of the Defense Production Act of 1950 (50 U.S.C.
4565(a)(6)(A)) is amended by adding at the end the following:
``(vii) Agricultural supply chains used for
agricultural products (as defined in the first
section of the Act of July 2, 1926 (44 Stat.
802, chapter 725; 7 U.S.C. 451)).''.
SEC. 3. REPORTS ON INVESTMENTS BY FOREIGN COUNTRIES IN UNITED STATES
AGRICULTURE INDUSTRY.
Not later than one year after the date of the enactment of this Act
and annually thereafter, the Secretary of Agriculture and the
Comptroller General of the United States shall each--
(1) conduct an analysis of foreign influence in the United
States agriculture industry; and
(2) submit to Congress a report that includes a summary
of--
(A) foreign investments in the United States
agriculture industry;
(B) the potential for foreign investment to
undermine United States agriculture production and
agricultural supply chains;
(C) the largest international threats for increased
foreign control of, and investment in, the United
States agriculture sector; and
(D) agriculture-related espionage and theft
techniques used by foreign governments, including any
attempts to target United States agricultural
intellectual property, innovation, research and
development, cost or pricing data, or internal strategy
documents.
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