PASS Act of 2023

Hozzl · 2024-01-30T08:15:20Z

Explore the details of House Bill 683 PASS Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Agriculture and Food. Stay informed on legislative developments.

1/30/2024, 8:15 AM

Congressional Summary of HR 683

Promoting Agriculture Safeguards and Security Act of 2023 or the PASS Act of 2023

This bill establishes requirements to address the national security risk to the agricultural sector of the United States.

Specifically, the bill prohibits persons who are acting on behalf of China, Russia, Iran, or North Korea from purchasing or investing in U.S. agricultural land and companies. The President may waive this prohibition, on a case-by-case basis, if the President determines that the waiver is vital to U.S. national security interests.

The bill also places the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS) and requires CFIUS to review certain transactions involving investments by foreign persons in the U.S. agricultural sector.

Additionally, the Department of Agriculture must report on the risks that foreign purchases of U.S. businesses engaged in agriculture pose to the agricultural sector of the United States.

Read the Full Bill

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Current Status of Bill HR 683

Bill HR 683 is currently in the status of Bill Introduced since January 31, 2023. Bill HR 683 was introduced during Congress 118 and was introduced to the House on January 31, 2023. Bill HR 683's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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 31, 2023

Bipartisan Support of Bill HR 683

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 683

Primary Policy Focus

Agriculture and Food

Potential Impact Areas

- Agricultural trade

- Asia

- China

- Congressional oversight

- Europe

- Federal officials

- Foreign and international corporations

- Iran

- Middle East

- North Korea

- Russia

- U.S. and foreign investments

Alternate Title(s) of Bill HR 683

PASS Act of 2023

Promoting Agriculture Safeguards and Security Act of 2023

To amend the Defense Production Act of 1950 to include the Secretary of Agriculture on the Committee on Foreign Investment in the United States and require review of certain agricultural transactions, and for other purposes.