S 168
PASS Act of 2023
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Promoting Agriculture Safeguards and Security Act of 2023 (PASS Act) aims to protect the U.S. agricultural sector from potential national security risks posed by foreign investment. It expands the Committee on Foreign Investment in the United States’ (CFIUS) authority to review transactions involving agricultural businesses and real estate, particularly those linked to countries like China, Russia, Iran, and North Korea. The bill also requires the Department of Agriculture to report on these risks and allows the President to prohibit transactions deemed harmful to U.S. national security, subject to a limited waiver process.
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