This bill seeks to protect the U.S. agriculture industry from foreign influence by reviewing foreign investments and identifying potential risks. It ensures that agriculture is considered critical to national security.
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 annually analyze and report on foreign influence in the U.S. agricultural industry.
1. This bill adds agriculture to the list of industries reviewed for foreign investments. 2. It requires the Secretary of Agriculture to analyze foreign influence in agriculture annually. 3. The bill aims to safeguard U.S. agricultural supply chains from foreign control. 4. It includes agricultural systems as critical infrastructure. 5. The bill addresses potential threats from foreign investments in U.S. agriculture.
Farmers and agricultural workers in the United States.