HR 5409 · 118th Congress · Foreign Trade and International Finance

Safeguarding American Farms from Foreign Influence Act

Introduced 2023-09-12· Sponsored by Rep. Luetkemeyer, Blaine [R-MO-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 782.(2024-12-19)

Plain Language Summary

[AI summary unavailable — showing source text] Safeguarding American Farms from Foreign Influence Act This bill requires the Committee on Foreign Investment in the United States (CFIUS) to determine whether a national security review is necessary for reportable agricultural land transactions that are referred by the Department of Agriculture (USDA). (CFIUS oversees the national security risks of certain foreign investment in the United States. CFIUS has the authority to review covered transactions, which include mergers, acquisitions, and takeovers that could result in foreign control of a U.S. business; certain noncontrolling investments in businesses involved in critical technologies, critical infrastructure, or sensitive personal data; and certain real estate transactions. The President may, at the recommendation of CFIUS, suspend or prohibit transactions that threaten to impair U.S. national security.) Specifically, the bill directs CFIUS to, within 30 days of receiving notification from USDA, determine (1) whether a reportable agricultural land transaction is a covered transaction, and (2) whether CFIUS should initiate a national security review or take another action with respect to the transaction.  Under this …

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 5409, Safeguarding American Farms from Foreign Influence Act

Nov 21, 2023

As ordered reported by the House Committee on Financial Services on September 20, 2023

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (5)

2 Democrats3 Republicans