Official Summaries

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).

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1713 Referred in Senate (RFS)]

<DOC>
119th CONGRESS
  1st Session
                                H. R. 1713


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 24, 2025

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 AN ACT


 
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.''.

            Passed the House of Representatives June 23, 2025.

            Attest:

                                             KEVIN F. MCCUMBER,

                                                                 Clerk.