This bill aims to safeguard U.S. agriculture by monitoring and regulating foreign investments that could harm the industry. It ensures that agricultural supply chains are protected from foreign control and influence.
Foreign Adversary Risk Management Act or the FARM Act This bill places the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS). It also requires CFIUS to review any investment that could result in foreign control of any U.S. agricultural business. Further, the bill includes agricultural systems and supply chains in the definitions of critical infrastructure and critical technologies for the purposes of reviewing such investments. The Department of Agriculture and the Government Accountability Office must each analyze and report on foreign influence in the U.S. agricultural industry.
1. This bill adds the Secretary of Agriculture to a key committee reviewing foreign investments. 2. It requires reviews of foreign investments in U.S. agriculture to prevent foreign control. 3. The bill includes agricultural supply chains as critical infrastructure. 4. It mandates reports on foreign influence in U.S. agriculture within one year. 5. The reports will analyze potential threats and espionage in the agriculture sector.
Farmers and agricultural workers across the United States.