FARM Act
Summary
The Foreign Adversary Risk Management Act, or FARM Act, aims to amend the Defense Production Act of 1950 to protect the United States agriculture industry from foreign influence. It achieves this by adding the Secretary of Agriculture as a member of the Committee on Foreign Investment in the United States (CFIUS), integrating agricultural expertise into national security reviews.
The bill significantly expands CFIUS's authority to review transactions that could result in foreign control of United States businesses engaged in agriculture and using agricultural products. It also explicitly designates agricultural systems and supply chains as both critical infrastructure and critical technologies, bringing them under enhanced scrutiny for national security purposes.
Additionally, the legislation requires annual reports from the Secretary of Agriculture and the Comptroller General to Congress. These reports will analyze foreign influence and investments in the U.S. agriculture industry, assess potential threats to production, and document agriculture-related espionage and theft techniques.
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Bill texts
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
House of Representatives
Referred to the Subcommittee on Nutrition and Foreign Agriculture.
House of Representatives
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