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FARM Act
12/15/2023, 4:05 PM
Congressional Summary of S 68
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.
Current Status of Bill S 68
Bill S 68 is currently in the status of Bill Introduced since January 25, 2023. Bill S 68 was introduced during Congress 118 and was introduced to the Senate on January 25, 2023. Bill S 68's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 25, 2023
Bipartisan Support of Bill S 68
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 68
Primary Policy Focus
Foreign Trade and International FinanceComments
Sponsors and Cosponsors of S 68
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