Agricultural Risk Review Act of 2025
This bill makes changes to the Committee on Foreign Investment in the United States (CFIUS), including by requiring 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 investments in businesses involved in critical technologies, critical infrastructure, or sensitive personal data; and certain real estate transactions.)
Specifically, the bill directs CFIUS to, after 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.
Reportable agricultural land transaction means a transaction (1) that USDA has reason to believe is a covered transaction, based on information from or in cooperation with the intelligence community; (2) that involves the acquisition of an interest in agricultural land by a foreign person of China, North Korea, Russia, or Iran; and (3) with respect to which a foreign person is required to submit a report to USDA regarding their agricultural land transactions.
The bill also expands CFIUS to include the Secretary of Agriculture for covered transactions that involve agricultural land, agricultural biotechnology, or the agriculture industry (e.g., agricultural transportation, storage, and processing).
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2268 Introduced in Senate (IS)]
<DOC>
119th CONGRESS
1st Session
S. 2268
To amend the Defense Production Act of 1950 to include the Secretary of
Agriculture as a member of the Committee on Foreign Investment in the
United States, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 14, 2025
Mr. Cramer (for himself, Ms. Alsobrooks, Ms. Lummis, and Mr. Fetterman)
introduced the following bill; which was read twice and referred to the
Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To amend the Defense Production Act of 1950 to include the Secretary of
Agriculture as a member of the Committee on Foreign Investment in the
United States, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Agricultural Risk Review Act of
2025''.
SEC. 2. INCLUSION OF THE SECRETARY OF AGRICULTURE ON THE COMMITTEE ON
FOREIGN INVESTMENT IN THE UNITED STATES.
Section 721(k) of the Defense Production Act of 1950 (50 U.S.C.
4565(k)) is amended by adding at the end the following:
``(8) Inclusion of the secretary of agriculture.--The
Secretary of Agriculture shall be a member of the Committee
with respect to a covered transaction that involves--
``(A) agricultural land;
``(B) agriculture biotechnology; or
``(C) the agriculture industry, including
agricultural transportation, storage, and
processing.''.
SEC. 3. CONSIDERATION OF CERTAIN AGRICULTURAL LAND TRANSACTIONS.
Section 721(b)(1) of the Defense Production Act of 1950 (50 U.S.C.
4565(b)(1)) is amended by adding at the end the following:
``(I) Consideration of certain agricultural land
transactions.--
``(i) In general.--After receiving
notification from the Secretary of Agriculture
of a reportable agricultural land transaction,
the Committee shall determine--
``(I) whether the transaction is a
covered transaction; and
``(II) if the Committee determines
that the transaction is a covered
transaction, whether the Committee
should initiate a review pursuant to
subparagraph (D), or take another
action authorized under this section,
with respect to the reportable
agricultural land transaction.
``(ii) Reportable agricultural land
transaction.--In this subparagraph, the term
`reportable agricultural land transaction'
means a transaction--
``(I) that the Secretary of
Agriculture has reason to believe is a
covered transaction, based on
information from or in cooperation with
the intelligence community;
``(II) that involves the
acquisition of an interest in
agricultural land by a foreign person
of the People's Republic of China, the
Democratic People's Republic of Korea,
the Russian Federation, or the Islamic
Republic of Iran; and
``(III) with respect to which a
person is required to submit a report
to the Secretary of Agriculture under
section 2(a) of the Agricultural
Foreign Investment Disclosure Act of
1978.
``(iii) Sunset.--The requirements under
this subparagraph shall terminate, with respect
to a foreign person of the respective foreign
country, on the date that the People's Republic
of China, the Democratic People's Republic of
Korea, the Russian Federation, or the Islamic
Republic of Iran, as the case may be, is
removed from the list of foreign adversaries in
section 791.4 of title 15, Code of Federal
Regulations.''.
<all>
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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