Keeping Public Lands Out of Adversarial Hands Act

This bill aims to bolster national security by modifying the review process for foreign investments in critical land and resource areas. It specifically amends the Defense Production Act of 1950 to integrate the Secretary of the Interior into the Committee on Foreign Investment in the United States (CFIUS) under certain conditions. This inclusion applies to covered transactions involving land or resources adjacent to areas managed by key Interior Department bureaus, such as the Bureau of Land Management, National Park Service, and U.S. Fish and Wildlife Service. Furthermore, the legislation mandates that CFIUS consider specific reportable land or resource transactions upon notification from the Secretary of the Interior. These transactions are defined as acquisitions of interests in land or resources by foreign persons from the People's Republic of China, the Democratic People's Republic of Korea, the Russian Federation, or the Islamic Republic of Iran , which the Secretary believes constitute a covered transaction. CFIUS must then determine if such a transaction is covered and, if so, initiate a review or take other appropriate action to address potential national security risks. The requirements related to these specific foreign adversaries will cease if a country is removed from the official list of foreign adversaries.