119-hr1713

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1713 Referred in Senate

    (RFS) ]

<DOC>
119th CONGRESS
 1st Session
 H. R. 1713

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 June 24, 2025

Received; read twice and referred to the Committee on Banking, Housing, 
 and Urban Affairs

_______________________________________________________________________

 AN ACT

To amend the Defense Production Act of 1950 to include the Secretary of 
 Agriculture as a member of the Committee on Foreign Investment in the 
 United States, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Agricultural Risk Review Act of 
2025''.

SEC. 2. INCLUSION OF THE SECRETARY OF AGRICULTURE ON THE COMMITTEE ON 
 FOREIGN INVESTMENT IN THE UNITED STATES.

 

Section 721

    (k) of the Defense Production Act of 1950 (50 U.S.C. 
4565

    (k) ) is amended by adding at the end the following:
 ``

    (8) Inclusion of the secretary of agriculture.--The 
 Secretary of Agriculture shall be a member of the Committee 
 with respect to a covered transaction that involves--
 ``
        (A) agricultural land;
 ``
        (B) agriculture biotechnology; or
 ``
            (C) the agriculture industry, including 
 agricultural transportation, storage, and 
 processing.''.

SEC. 3. CONSIDERATION OF CERTAIN AGRICULTURAL LAND TRANSACTIONS.

 

Section 721

    (b)

    (1) of the Defense Production Act of 1950 (50 U.S.C. 
4565

    (b)

    (1) ) is amended by adding at the end the following:
 ``
            (I) Consideration of certain agricultural land 
 transactions.--
 ``
            (i) In general.--After receiving 
 notification from the Secretary of Agriculture 
 of a reportable agricultural land transaction, 
 the Committee shall determine--
 ``
            (I) whether the transaction is a 
 covered transaction; and
 ``
            (II) if the Committee determines 
 that the transaction is a covered 
 transaction, whether the Committee 
 should initiate a review pursuant to 
 subparagraph
            (D) , or take another 
 action authorized under this section, 
 with respect to the reportable 
 agricultural land transaction.
 ``
            (ii) Reportable agricultural land 
 transaction.--In this subparagraph, the term 
 `reportable agricultural land transaction' 
 means a transaction--
 ``
            (I) that the Secretary of 
 Agriculture has reason to believe is a 
 covered transaction, based on 
 information from or in cooperation with 
 the intelligence community;
 ``
            (II) that involves the 
 acquisition of an interest in 
 agricultural land by a foreign person 
 of the People's Republic of China, the 
 Democratic People's Republic of Korea, 
 the Russian Federation, or the Islamic 
 Republic of Iran; and
 ``
            (III) with respect to which a 
 person is required to submit a report 
 to the Secretary of Agriculture under 
 

section 2

    (a) of the Agricultural 
 Foreign Investment Disclosure Act of 
 1978.
 ``
            (iii) Sunset.--The requirements under 
 this subparagraph shall terminate, with respect 
 to a foreign person of the respective foreign 
 country, on the date that the People's Republic 
 of China, the Democratic People's Republic of 
 Korea, the Russian Federation, or the Islamic 
 Republic of Iran, as the case may be, is 
 removed from the list of foreign adversaries in 
 

section 791.4 of title 15, Code of Federal 
 Regulations.''.

 Passed the House of Representatives June 23, 2025.

 Attest:

 KEVIN F. MCCUMBER,

 Clerk.