Legis Daily

PASS Act of 2022

USA117th CongressS-4786| Senate 
| Updated: 8/6/2022
Mike Rounds

Mike Rounds

Republican Senator

South Dakota

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Promoting Agriculture Safeguards and Security Act of 2022 or the PASS Act of 2022 This bill establishes requirements to address the national security risk to the agricultural sector of the United States. Specifically, the bill prohibits persons who are acting on behalf of China, Russia, Iran, or North Korea from purchasing or investing in U.S. agricultural land and companies. The President may waive this prohibition, on a case-by-case basis, if the President determines that the waiver is vital to U.S. national security interests. The bill also places the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS) and requires CFIUS to review certain transactions involving investments by foreign persons in the U.S. agricultural sector. Additionally, the Department of Agriculture must report on the risks that foreign purchases of U.S. businesses engaged in agriculture pose to the agricultural sector of the United States.
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Timeline
Aug 6, 2022
Introduced in Senate
Aug 6, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 1, 2022

Latest Companion Bill Action

HR 117-7908
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
  • August 6, 2022
    Introduced in Senate


  • August 6, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • November 1, 2022

    Latest Companion Bill Action

    HR 117-7908
    Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Agriculture and Food

Related Bills

  • HR 117-8274: PASS Act of 2022
Agricultural tradeAsiaChinaCongressional oversightEuropeFederal officialsForeign and international corporationsIranMiddle EastNorth KoreaRussiaU.S. and foreign investments

PASS Act of 2022

USA117th CongressS-4786| Senate 
| Updated: 8/6/2022
Promoting Agriculture Safeguards and Security Act of 2022 or the PASS Act of 2022 This bill establishes requirements to address the national security risk to the agricultural sector of the United States. Specifically, the bill prohibits persons who are acting on behalf of China, Russia, Iran, or North Korea from purchasing or investing in U.S. agricultural land and companies. The President may waive this prohibition, on a case-by-case basis, if the President determines that the waiver is vital to U.S. national security interests. The bill also places the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS) and requires CFIUS to review certain transactions involving investments by foreign persons in the U.S. agricultural sector. Additionally, the Department of Agriculture must report on the risks that foreign purchases of U.S. businesses engaged in agriculture pose to the agricultural sector of the United States.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 6, 2022
Introduced in Senate
Aug 6, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 1, 2022

Latest Companion Bill Action

HR 117-7908
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
  • August 6, 2022
    Introduced in Senate


  • August 6, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • November 1, 2022

    Latest Companion Bill Action

    HR 117-7908
    Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Mike Rounds

Mike Rounds

Republican Senator

South Dakota

Banking, Housing, and Urban Affairs Committee

Agriculture and Food

Related Bills

  • HR 117-8274: PASS Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural tradeAsiaChinaCongressional oversightEuropeFederal officialsForeign and international corporationsIranMiddle EastNorth KoreaRussiaU.S. and foreign investments