1 | 1 | | II |
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2 | 2 | | 119THCONGRESS |
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3 | 3 | | 1 |
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4 | 4 | | STSESSION S. 179 |
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5 | 5 | | To amend the Defense Production Act of 1950 to prevent harm and disrup- |
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6 | 6 | | tion to the United States agriculture industry by protecting against |
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7 | 7 | | foreign influence over agriculture production and supply chains, and |
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8 | 8 | | for other purposes. |
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9 | 9 | | IN THE SENATE OF THE UNITED STATES |
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10 | 10 | | JANUARY22, 2025 |
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11 | 11 | | Mr. T |
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12 | 12 | | UBERVILLE(for himself, Mr. FETTERMAN, Mr. MARSHALL, Mrs. BRITT, |
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13 | 13 | | Mr. S |
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14 | 14 | | COTTof Florida, Mr. SCHMITT, Mr. SHEEHY, Mr. CRAMER, Mr. |
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15 | 15 | | H |
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16 | 16 | | OEVEN, Mrs. BLACKBURN, Mr. DAINES, Mrs. FISCHER, and Ms. LUM- |
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17 | 17 | | MIS) introduced the following bill; which was read twice and referred to |
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18 | 18 | | the Committee on Banking, Housing, and Urban Affairs |
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19 | 19 | | A BILL |
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20 | 20 | | To amend the Defense Production Act of 1950 to prevent |
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21 | 21 | | harm and disruption to the United States agriculture |
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22 | 22 | | industry by protecting against foreign influence over ag- |
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23 | 23 | | riculture production and supply chains, and for other |
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24 | 24 | | purposes. |
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25 | 25 | | Be it enacted by the Senate and House of Representa-1 |
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26 | 26 | | tives of the United States of America in Congress assembled, 2 |
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27 | 27 | | SECTION 1. SHORT TITLE. 3 |
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28 | 28 | | This Act may be cited as the ‘‘Foreign Adversary 4 |
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29 | 29 | | Risk Management Act’’ or the ‘‘FARM Act’’. 5 |
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32 | 32 | | •S 179 IS |
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33 | 33 | | SEC. 2. UNITED STATES AGRICULTURE INCLUDED IN COM-1 |
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34 | 34 | | MITTEE ON FOREIGN INVESTMENT IN THE 2 |
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35 | 35 | | UNITED STATES. 3 |
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36 | 36 | | (a) A |
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37 | 37 | | GRICULTURE REPRESENTATIVE.—Section 4 |
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38 | 38 | | 721(k)(2) of the Defense Production Act of 1950 (50 5 |
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39 | 39 | | U.S.C. 4565(k)(2)) is amended— 6 |
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40 | 40 | | (1) by redesignating subparagraphs (H), (I), 7 |
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41 | 41 | | and (J) as subparagraphs (I), (J), and (K), respec-8 |
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42 | 42 | | tively; and 9 |
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43 | 43 | | (2) by inserting after subparagraph (G) the fol-10 |
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44 | 44 | | lowing: 11 |
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45 | 45 | | ‘‘(H) The Secretary of Agriculture.’’. 12 |
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46 | 46 | | (b) R |
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47 | 47 | | EVIEW OFAGRICULTUREINVESTMENTS BY 13 |
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48 | 48 | | F |
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49 | 49 | | OREIGNENTITIES.—Section 721(a)(4) of the Defense 14 |
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50 | 50 | | Production Act of 1950 (50 U.S.C. 4565(a)(4)) is amend-15 |
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51 | 51 | | ed— 16 |
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52 | 52 | | (1) in subparagraph (A)— 17 |
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53 | 53 | | (A) in clause (i), by striking ‘‘; and’’ and 18 |
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54 | 54 | | inserting a semicolon; 19 |
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55 | 55 | | (B) in clause (ii), by striking the period at 20 |
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56 | 56 | | the end and inserting ‘‘; and’’; and 21 |
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57 | 57 | | (C) by adding at the end the following: 22 |
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58 | 58 | | ‘‘(iii) any transaction described in 23 |
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59 | 59 | | subparagraph (B)(vi) that is proposed, 24 |
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60 | 60 | | pending, or completed on or after the date 25 |
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63 | 63 | | •S 179 IS |
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64 | 64 | | of the enactment of the Foreign Adversary 1 |
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65 | 65 | | Risk Management Act.’’; and 2 |
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66 | 66 | | (2) in subparagraph (B), by adding at the end 3 |
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67 | 67 | | the following: 4 |
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68 | 68 | | ‘‘(vi) Any transaction, merger, acqui-5 |
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69 | 69 | | sition, transfer, agreement, takeover, or 6 |
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70 | 70 | | other arrangement that could result in for-7 |
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71 | 71 | | eign control of any United States business 8 |
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72 | 72 | | that is engaged in agriculture and uses ag-9 |
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73 | 73 | | ricultural products (as defined in the first 10 |
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74 | 74 | | section of the Act of July 2, 1926 (44 11 |
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75 | 75 | | Stat. 802, chapter 725; 7 U.S.C. 451)).’’. 12 |
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76 | 76 | | (c) A |
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77 | 77 | | GRICULTURALSUPPLYCHAINSINCLUDED IN 13 |
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78 | 78 | | C |
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79 | 79 | | RITICALINFRASTRUCTURE.—Section 721(a)(5) of the 14 |
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80 | 80 | | Defense Production Act of 1950 (50 U.S.C. 4565(a)(5)) 15 |
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81 | 81 | | is amended— 16 |
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82 | 82 | | (1) by striking ‘‘‘critical infrastructure’ means’’ 17 |
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83 | 83 | | and inserting the following: ‘‘‘critical infrastruc-18 |
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84 | 84 | | ture’— 19 |
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85 | 85 | | ‘‘(A) means’’; 20 |
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86 | 86 | | (2) by striking the period at the end and insert-21 |
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87 | 87 | | ing ‘‘; and’’; and 22 |
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88 | 88 | | (3) by adding at the end the following: 23 |
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91 | 91 | | •S 179 IS |
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92 | 92 | | ‘‘(B) includes, subject to regulations pre-1 |
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93 | 93 | | scribed by the Committee, agricultural systems 2 |
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94 | 94 | | and supply chains.’’. 3 |
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95 | 95 | | (d) A |
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96 | 96 | | GRICULTURALSUPPLYCHAINSINCLUDED AS 4 |
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97 | 97 | | C |
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98 | 98 | | RITICALTECHNOLOGIES.—Section 721(a)(6)(A) of the 5 |
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99 | 99 | | Defense Production Act of 1950 (50 U.S.C. 6 |
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100 | 100 | | 4565(a)(6)(A)) is amended by adding at the end the fol-7 |
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101 | 101 | | lowing: 8 |
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102 | 102 | | ‘‘(vii) Agricultural supply chains used 9 |
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103 | 103 | | for agricultural products (as defined in the 10 |
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104 | 104 | | first section of the Act of July 2, 1926 (44 11 |
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105 | 105 | | Stat. 802, chapter 725; 7 U.S.C. 451)).’’. 12 |
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106 | 106 | | SEC. 3. REPORTS ON INVESTMENTS BY FOREIGN COUN-13 |
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107 | 107 | | TRIES IN UNITED STATES AGRICULTURE IN-14 |
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108 | 108 | | DUSTRY. 15 |
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109 | 109 | | Not later than one year after the date of the enact-16 |
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110 | 110 | | ment of this Act, the Secretary of Agriculture and the 17 |
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111 | 111 | | Comptroller General of the United States shall each— 18 |
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112 | 112 | | (1) conduct an analysis of foreign influence in 19 |
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113 | 113 | | the United States agriculture industry; and 20 |
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114 | 114 | | (2) submit to Congress a report that includes a 21 |
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115 | 115 | | summary of— 22 |
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116 | 116 | | (A) foreign investments in the United 23 |
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117 | 117 | | States agriculture industry; 24 |
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120 | 120 | | •S 179 IS |
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121 | 121 | | (B) the potential for foreign investment to 1 |
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122 | 122 | | undermine United States agriculture production 2 |
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123 | 123 | | and agricultural supply chains; 3 |
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124 | 124 | | (C) the largest international threats for in-4 |
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125 | 125 | | creased foreign control of, and investment in, 5 |
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126 | 126 | | the United States agriculture sector; and 6 |
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127 | 127 | | (D) agriculture-related espionage and theft 7 |
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128 | 128 | | techniques used by foreign governments, includ-8 |
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129 | 129 | | ing any attempts to target United States agri-9 |
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130 | 130 | | cultural intellectual property, innovation, re-10 |
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131 | 131 | | search and development, cost or pricing data, or 11 |
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132 | 132 | | internal strategy documents. 12 |
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133 | 133 | | Æ |
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