Official Summaries

Foreign Adversary Risk Management Act or the FARM Act

This 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 analyze and report on foreign influence in the U.S. agricultural industry.

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 179 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                 S. 179

    To amend the Defense Production Act of 1950 to prevent harm and 
  disruption to the United States agriculture industry by protecting 
   against foreign influence over agriculture production and supply 
                    chains, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 22, 2025

 Mr. Tuberville (for himself, Mr. Fetterman, Mr. Marshall, Mrs. Britt, 
Mr. Scott of Florida, Mr. Schmitt, Mr. Sheehy, Mr. Cramer, Mr. Hoeven, 
 Mrs. Blackburn, Mr. Daines, Mrs. Fischer, and Ms. Lummis) 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 prevent harm and 
  disruption to the United States agriculture industry by protecting 
   against foreign influence over agriculture production and supply 
                    chains, 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 ``Foreign Adversary Risk Management 
Act'' or the ``FARM Act''.

SEC. 2. UNITED STATES AGRICULTURE INCLUDED IN COMMITTEE ON FOREIGN 
              INVESTMENT IN THE UNITED STATES.

    (a) Agriculture Representative.--Section 721(k)(2) of the Defense 
Production Act of 1950 (50 U.S.C. 4565(k)(2)) is amended--
            (1) by redesignating subparagraphs (H), (I), and (J) as 
        subparagraphs (I), (J), and (K), respectively; and
            (2) by inserting after subparagraph (G) the following:
                    ``(H) The Secretary of Agriculture.''.
    (b) Review of Agriculture Investments by Foreign Entities.--Section 
721(a)(4) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(4)) 
is amended--
            (1) in subparagraph (A)--
                    (A) in clause (i), by striking ``; and'' and 
                inserting a semicolon;
                    (B) in clause (ii), by striking the period at the 
                end and inserting ``; and''; and
                    (C) by adding at the end the following:
                            ``(iii) any transaction described in 
                        subparagraph (B)(vi) that is proposed, pending, 
                        or completed on or after the date of the 
                        enactment of the Foreign Adversary Risk 
                        Management Act.''; and
            (2) in subparagraph (B), by adding at the end the 
        following:
                            ``(vi) Any transaction, merger, 
                        acquisition, transfer, agreement, takeover, or 
                        other arrangement that could result in foreign 
                        control of any United States business that is 
                        engaged in agriculture and uses agricultural 
                        products (as defined in the first section of 
                        the Act of July 2, 1926 (44 Stat. 802, chapter 
                        725; 7 U.S.C. 451)).''.
    (c) Agricultural Supply Chains Included in Critical 
Infrastructure.--Section 721(a)(5) of the Defense Production Act of 
1950 (50 U.S.C. 4565(a)(5)) is amended--
            (1) by striking ```critical infrastructure' means'' and 
        inserting the following: ```critical infrastructure'--
                    ``(A) means'';
            (2) by striking the period at the end and inserting ``; 
        and''; and
            (3) by adding at the end the following:
                    ``(B) includes, subject to regulations prescribed 
                by the Committee, agricultural systems and supply 
                chains.''.
    (d) Agricultural Supply Chains Included as Critical Technologies.--
Section 721(a)(6)(A) of the Defense Production Act of 1950 (50 U.S.C. 
4565(a)(6)(A)) is amended by adding at the end the following:
                            ``(vii) Agricultural supply chains used for 
                        agricultural products (as defined in the first 
                        section of the Act of July 2, 1926 (44 Stat. 
                        802, chapter 725; 7 U.S.C. 451)).''.

SEC. 3. REPORTS ON INVESTMENTS BY FOREIGN COUNTRIES IN UNITED STATES 
              AGRICULTURE INDUSTRY.

    Not later than one year after the date of the enactment of this 
Act, the Secretary of Agriculture and the Comptroller General of the 
United States shall each--
            (1) conduct an analysis of foreign influence in the United 
        States agriculture industry; and
            (2) submit to Congress a report that includes a summary 
        of--
                    (A) foreign investments in the United States 
                agriculture industry;
                    (B) the potential for foreign investment to 
                undermine United States agriculture production and 
                agricultural supply chains;
                    (C) the largest international threats for increased 
                foreign control of, and investment in, the United 
                States agriculture sector; and
                    (D) agriculture-related espionage and theft 
                techniques used by foreign governments, including any 
                attempts to target United States agricultural 
                intellectual property, innovation, research and 
                development, cost or pricing data, or internal strategy 
                documents.
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