HR 5490 117th Congress House Foreign Trade and International Finance Congressional oversight Federal officials Government studies and investigations U.S. and foreign investments

FARM Act

Introduced: October 5, 2021 Introduced by: Jackson, Ronny Republican · Texas See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 5, 2021

Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Oct 5, 2021

Introduced in House

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Plain-English summary Congressional Research Service

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, and it requires the committee to review any investment that could result in foreign control of any U.S. agricultural business.

Further, it 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.

What's happening now October 5, 2021

Related & companion bills 1

Bill text 1 version