Keeping Public Lands Out of Adversarial Hands Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill amends the Defense Production Act of 1950 to strengthen national security by allowing the Secretary of the Interior to participate in reviews of foreign investments in public lands and resources. Specifically, it requires the Committee on Foreign Investment in the United States to consider transactions involving land managed by several federal agencies and to scrutinize acquisitions by foreign persons from China, Korea, Russia, or Iran. The bill includes a sunset provision, meaning the enhanced review requirements will expire when those countries are removed from the list of ‘foreign adversaries’.
Key provisions
- Adds the Secretary of the Interior as a member of the Committee on Foreign Investment in the United States.
- Requires the Committee to review transactions involving land and resources managed by specific federal agencies.
- Defines ‘reportable land or resource transactions’ as acquisitions by foreign persons from certain countries.
- Specifies that the Committee must determine if a transaction is a ‘covered transaction’.
- Includes a sunset provision, linking the enhanced review requirements to the removal of specified countries from the list of ‘foreign adversaries’.
Who is affected
- The Committee on Foreign Investment in the United States
- The Secretary of the Interior
- Foreign persons from China, Korea, Russia, and Iran
- Federal agencies managing public lands and resources (Bureau of Land Management, Bureau of Reclamation, etc.)
Bill text
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