FARM Act

12/15/2023, 4:05 PM

Foreign Adversary Risk Management Act or the FARM Act

This bill places the Secretary of Agriculture on the Committee on Foreign Investment in the United States. It also requires the committee to review any investment that could result in foreign control of any U.S. agricultural business.

Further, the bill includes agricultural systems and supply chains in the definitions of critical infrastructure and critical technologies for the purposes of reviewing such investments.

The Department of Agriculture and the Government Accountability Office must each analyze and report on foreign influence in the U.S. agricultural industry.

Congress
118

Number
S - 68

Introduced on
2023-01-25

# Amendments
0

Sponsors
+5

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Foreign Adversary Risk Management Act or the FARM Act

This bill places the Secretary of Agriculture on the Committee on Foreign Investment in the United States. It also requires the committee to review any investment that could result in foreign control of any U.S. agricultural business.

Further, the bill includes agricultural systems and supply chains in the definitions of critical infrastructure and critical technologies for the purposes of reviewing such investments.

The Department of Agriculture and the Government Accountability Office must each analyze and report on foreign influence in the U.S. agricultural industry.


Policy Areas
Foreign Trade and International Finance

Comments

Recent Activity

Latest Summary2/7/2023

Foreign Adversary Risk Management Act or the FARM Act

This bill places the Secretary of Agriculture on the Committee on Foreign Investment in the United States. It also requires the committee to review any investment that could resu...


Latest Action1/25/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.