Plain Language Summary
# FARM Act Summary **What the Bill Would Do** The FARM Act (Foreign Adversary Risk Management Act) would strengthen oversight of foreign investments in U.S. agriculture. Specifically, it would add the Secretary of Agriculture to the Committee on Foreign Investment in the United States (CFIUS), a government panel that reviews foreign purchases of American companies and assets. The bill would require CFIUS to review any foreign investment that could give a foreign country or entity control of a U.S. agricultural business. It also expands what counts as "critical infrastructure" and "critical technology" to include agricultural systems and supply chains, making them subject to closer scrutiny. **Who It Affects and Key Provisions** The bill primarily affects foreign investors seeking to buy stakes in U.S.
farms, food companies, and agricultural supply chains. It also creates annual reporting requirements, mandating that the Department of Agriculture and the Government Accountability Office each year analyze and report on the extent of foreign influence in the U.S. agricultural industry. The intent is to prevent foreign adversaries from gaining control of American agricultural assets that could impact national security and food supply. **Current Status** The bill was introduced in the 119th Congress by Rep. Ronny Jackson (R-TX) and is currently in committee, meaning it has not yet been voted on by the full House.
CRS Official Summary
Foreign Adversary Risk Management Act or the FARM ActThis bill places the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS). It also requires CFIUS 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 annually analyze and report on foreign influence in the U.S. agricultural industry.
Latest Action
Referred to the Subcommittee on Nutrition and Foreign Agriculture.