Bill Explanation

Bill Explanation

Bill Name: Protecting American Agriculture from Foreign Adversaries Act of 2024

Summary: This bill aims to amend the Defense Production Act of 1950 to address foreign investments in U.S. agriculture. It includes provisions to include the Secretary of Agriculture in the Committee on Foreign Investment in the U.S. and considerations for certain agricultural land transactions involving foreign entities from specific countries.

Key Points:

The bill adds the Secretary of Agriculture to the Committee on Foreign Investment in the U.S. for transactions involving agricultural land, biotechnology, and the agriculture industry.
It requires the Committee to consider reportable agricultural land transactions involving foreign persons from countries like China, North Korea, Russia, and Iran.
The bill includes provisions for reporting and review of such transactions and sets a sunset clause for certain requirements based on the status of foreign countries as adversaries.

Rep. Stephanie Bice

Stats

Sponsored Legislation