FARM Act
Tuberville and Fetterman Push Bipartisan FARM Act to Protect US Food Supply from Foreign Control
The FARM Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Banking, Housing, and Urban Affairs for review. There are no upcoming votes scheduled at this time.
Legislative Progress
The bill has rare bipartisan support from both conservative and liberal senators, which helps its chances. However, it still needs to pass through committees and get a full vote in both the House and Senate.
Key Points
Impact Analysis
Personal Impact
Farmers and ranchers would see new federal scrutiny of foreign purchases of agricultural land and businesses, which could protect them from unfair foreign competition and predatory acquisitions. However, some farmers who rely on foreign investment capital for expansion or equipment upgrades could face delays or blocked deals. The net effect depends on how broadly CFIUS interprets its new authority over agriculture transactions.
“Any transaction, merger, acquisition, transfer, agreement, takeover, or other arrangement that could result in foreign control of any United States business that is engaged in agriculture and uses agricultural products”
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
6 articlesSens. Tuberville, Fetterman reintroduce bill on foreign investment in American agriculture
U.S. Senators Tommy Tuberville and John Fetterman reintroduced the bipartisan FARM Act to permanently add the Secretary of Agriculture to CFIUS. The bill designates agricultural supply chains as critical infrastructure and requires reports on foreign investment risks to the U.S. food industry.
FARM Act reintroduced in Congress
A bipartisan group of lawmakers reintroduced the Foreign Adversary Risk Management (FARM) Act. The legislation aims to protect the U.S. agriculture industry from foreign interference by adding the Secretary of Agriculture to the Committee on Foreign Investment in the United States (CFIUS).
Increasing Federal Focus on Foreign Ownership of American Farms
The FARM Act (H.R. 620/S. 179) would place the Secretary of Agriculture on CFIUS and requires the committee to review any transaction that could result in foreign control of a U.S. agriculture business. It also designates agricultural systems as critical infrastructure.
Source Information
Document Type
Congressional Bill
Official Title
FARM Act
Data Sources
Sponsor
Cosponsors
(13)Analysis generated by AI. Always verify with official sources.