Protecting U.S. Farmland and Sensitive Sites From Foreign Adversaries 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, the Protecting U.S. Farmland and Sensitive Sites From Foreign Adversaries Act, aims to strengthen national security by regulating foreign land purchases in the United States. It expands the definition of ‘sensitive sites’ to include critical infrastructure and military facilities, designates specific foreign adversaries (including China, Cuba, Iran, North Korea, Russia, and Venezuela), and enhances the Committee on Foreign Investment in the United States’ (CFIUS) authority to review real estate transactions involving foreign entities. The bill also focuses on safeguarding U.S. food security by considering the impact of foreign acquisitions on agricultural resources.
Key provisions
- Expands the definition of ‘sensitive sites’ to include critical infrastructure and military facilities.
- Designates the People’s Republic of China, the Republic of Cuba, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Russian Federation, and the Bolivarian Republic of Venezuela as ‘foreign adversaries’.
- Increases CFIUS jurisdiction over real estate transactions involving foreign adversaries, particularly those near sensitive sites.
- Requires declarations for ‘elevated risk real estate transactions’ involving foreign adversaries.
- Establishes a presumption of unresolvable national security risk for ‘elevated risk real estate transactions’ unless CFIUS determines otherwise.
- Mandates an agriculture representative on all transactions related to agriculture land and biotechnology.
- Preserves state authority to regulate foreign land purchases within their borders.
Bill text
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Sponsors
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18 on record
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