Agricultural Risk Review Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1713 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1713

To amend the Defense Production Act of 1950 to include the Secretary of
 Agriculture as a member of the Committee on Foreign Investment in the
                 United States, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           February 27, 2025

  Mr. Lucas introduced the following bill; which was referred to the
 Committee on Financial Services, and in addition to the Committees on
     Energy and Commerce, and Foreign Affairs, 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 include the Secretary of
 Agriculture as a member of the Committee on Foreign Investment in the
                 United States, 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 ``Agricultural Risk Review Act of
2025''.

SEC. 2. INCLUSION OF THE SECRETARY OF AGRICULTURE ON CFIUS.

    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.--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 transportation, storage, and
                processing.''.

SEC. 3. 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) In general.--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.
                            ``(ii) 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, based on
                                information from or in cooperation with
                                the intelligence community;
                                    ``(II) that involves the
                                acquisition of an interest in
                                agricultural land by a foreign person
                                of the People's Republic of China, the
                                Democratic People's Republic of Korea,
                                the Russian Federation, or the Islamic
                                Republic of Iran; 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.
                            ``(iii) Sunset.--The requirements under
                        this subparagraph shall terminate, with respect
                        to a foreign person of the respective foreign
                        country, on the date that the People's Republic
                        of China, the Democratic People's Republic of
                        Korea, the Russian Federation, or the Islamic
                        Republic of Iran, as the case may be, is
                        removed from the list of foreign adversaries in
                        section 791.4 of title 15, Code of Federal
                        Regulations.''.
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