118th Congress · HOUSE BILLBILL

H.R. 4577 — Protecting U.S. Farmland and Sensitive Sites From Foreign Adversaries Act

“To protect U.S. food security, give the Committee on Foreign Investment in the United States greater jurisdiction over land purchases, to impose special guards against foreign adversary purchases of land in the United States near sensitive sites, to expand the definition of sensitive sites, and for other purposes.”

Foreign trade and international finance

Introduced Jul 12, 2023

Last action Jul 14, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 12, 2023

Step 2

Referred

Jul 14, 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 expands the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS) related to agriculture and land transactions. (CFIUS reviews the national security implications of foreign investment in the United States.) Specifically, the bill requires parties to an elevated risk real estate transaction to submit a mandatory declaration to CFIUS. Generally, this requirement applies to a transaction for a purchase or lease of certain real estate (e.g., real estate that is in close proximity to a sensitive site, such as a military installation or airspace) by a foreign adversary entity (e.g., a foreign person subject to the jurisdiction of a foreign adversary, such as C...

Provisions · 6 sectionsIntroduced in House

Timeline · 5 actions

Jul 14, 2023

Referred to the Subcommittee on Innovation, Data, and Commerce.

Jul 12, 2023

Introduced in House

Jul 12, 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.

Jul 12, 2023