FARM Act

Hozzl · 2023-12-15T16:05:26Z

Explore the details of Senate Bill 68 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.

12/15/2023, 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