FARM Act

Hozzl · 2023-12-16T08:15:16Z

Explore the details of House Bill 513 FARM Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

12/16/2023, 8:15 AM

Congressional Summary of HR 513

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 513

Bill HR 513 is currently in the status of Bill Introduced since January 25, 2023. Bill HR 513 was introduced during Congress 118 and was introduced to the House on January 25, 2023. Bill HR 513's most recent activity 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. as of January 25, 2023