119-s732

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 732 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 732

 To amend the Defense Production Act of 1950 with respect to foreign 
 investments in United States agriculture, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 February 25, 2025

 Mr. Marshall (for himself, Ms. Baldwin, Mr. Barrasso, and Mr. Young) 
introduced the following bill; which was read twice and referred to the 
 Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

 A BILL

 To amend the Defense Production Act of 1950 with respect to foreign 
 investments in United States agriculture, 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 ``Protecting American Agriculture from 
Foreign Adversaries Act of 2025''.

SEC. 2. INCLUSION OF SECRETARY OF AGRICULTURE ON COMMITTEE ON FOREIGN 
 INVESTMENT IN UNITED STATES AND CONSIDERATION OF CERTAIN 
 AGRICULTURAL LAND TRANSACTIONS.

    (a) Inclusion on the Committee.--

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--
 ``
            (i) transportation;
 ``
            (ii) storage; and
 ``
            (iii) processing.''.

    (b) 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) Sunset.--The requirements under this 
 subparagraph shall terminate, with respect to a 
 foreign person of a covered country, on the 
 date on which that country is removed from the 
 list of foreign adversaries set forth in 
 

section 791.4 of title 15, Code of Federal 
 Regulations.
 ``
            (iii) === Definitions. ===
-In this subparagraph:
 ``
            (I) Covered country.--The term 
 `covered country' means the People's 
 Republic of China, the Democratic 
 People's Republic of Korea, the Russian 
 Federation, or the Islamic Republic of 
 Iran.
 ``
            (II) Reportable agricultural land 
 transaction.--The term `reportable 
 agricultural land transaction' means a 
 transaction--
 ``

    (aa) that the Secretary 
 of Agriculture has reason to 
 believe is a covered 
 transaction;
 ``

    (bb) that involves the 
 acquisition of an interest in 
 agricultural land by a foreign 
 person of a covered country; 
 and
 ``
            (cc) 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 (7 
 U.S.C. 3501

    (a) ).''.
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