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FARM Act
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
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
Bipartisan Support of Bill HR 513
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
50Democrat Cosponsors
7Republican Cosponsors
43Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 513
Primary Policy Focus
Foreign Trade and International FinancePotential Impact Areas
- Congressional oversight
- Federal officials
- Government studies and investigations
- U.S. and foreign investments
Comments
Sponsors and Cosponsors of HR 513
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