Legis Daily

PASS Act of 2023

USA118th CongressS-168| Senate 
| Updated: 2/28/2023
Mike Rounds

Mike Rounds

Republican Senator

South Dakota

Cosponsors (11)
Katie Boyd Britt (Republican)Jerry Moran (Republican)Cynthia M. Lummis (Republican)John Thune (Republican)Tim Scott (Republican)Kevin Cramer (Republican)Jon Tester (Democratic)John Kennedy (Republican)Steve Daines (Republican)John Hoeven (Republican)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Promoting Agriculture Safeguards and Security Act of 2023 or the PASS Act of 2023 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

Bill from Previous Congress

S 117-4786
PASS Act of 2022
Jan 31, 2023
Introduced in Senate
Jan 31, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 28, 2023
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-359.
Apr 3, 2023

Latest Companion Bill Action

HR 118-2477
Introduced in House
  • Bill from Previous Congress

    S 117-4786
    PASS Act of 2022


  • January 31, 2023
    Introduced in Senate


  • January 31, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • February 28, 2023
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-359.


  • April 3, 2023

    Latest Companion Bill Action

    HR 118-2477
    Introduced in House

Agriculture and Food

Related Bills

  • HR 118-683: PASS Act of 2023
  • HR 118-3378: Agricultural Security Risk Review Act
Agricultural tradeAsiaChinaCongressional oversightEuropeFederal officialsForeign and international corporationsIranMiddle EastNorth KoreaRussiaU.S. and foreign investments

PASS Act of 2023

USA118th CongressS-168| Senate 
| Updated: 2/28/2023
Promoting Agriculture Safeguards and Security Act of 2023 or the PASS Act of 2023 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

Bill from Previous Congress

S 117-4786
PASS Act of 2022
Jan 31, 2023
Introduced in Senate
Jan 31, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 28, 2023
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-359.
Apr 3, 2023

Latest Companion Bill Action

HR 118-2477
Introduced in House
  • Bill from Previous Congress

    S 117-4786
    PASS Act of 2022


  • January 31, 2023
    Introduced in Senate


  • January 31, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • February 28, 2023
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-359.


  • April 3, 2023

    Latest Companion Bill Action

    HR 118-2477
    Introduced in House
Mike Rounds

Mike Rounds

Republican Senator

South Dakota

Cosponsors (11)
Katie Boyd Britt (Republican)Jerry Moran (Republican)Cynthia M. Lummis (Republican)John Thune (Republican)Tim Scott (Republican)Kevin Cramer (Republican)Jon Tester (Democratic)John Kennedy (Republican)Steve Daines (Republican)John Hoeven (Republican)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

Agriculture and Food

Related Bills

  • HR 118-683: PASS Act of 2023
  • HR 118-3378: Agricultural Security Risk Review Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural tradeAsiaChinaCongressional oversightEuropeFederal officialsForeign and international corporationsIranMiddle EastNorth KoreaRussiaU.S. and foreign investments