118th Congress · HOUSE BILLBILL

H.R. 1448DARE Act of 2023

To amend the Defense Production Act of 1950 to prohibit investment by foreign adversaries in United States real estate suitable for renewable energy or renewable fuels production, and for other purposes.

International affairs
Introduced Mar 8, 2023
Last action Mar 8, 2023
Pipeline · Bill → Law
Step 1
Introduced
Mar 8, 2023
Step 2
Referred
Mar 8, 2023
Financial Services · Foreign Affairs · E&C
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill requires the Committee on Foreign Investment in the United States (CFIUS) to review certain real estate transactions by foreign governments. (CFIUS is an interagency committee that oversees the national security risk of certain foreign direct investments in the U.S. economy. It may recommend that the President suspend or prohibit certain transactions.) Under the bill, CFIUS must review the acquisition by a foreign government or an entity acting on its behalf of (1) agricultural land used to grow corn and soybeans for the purpose of renewable energy, or (2) land used for wind turbines or other wind energy production. The transfer of an interest in such land to a foreign government...

Provisions · 2 sectionsIntroduced in House
Timeline · 4 actions
Mar 8, 2023
Introduced in House
Mar 8, 2023
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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.
Mar 8, 2023
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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.
Mar 8, 2023
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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.