H.R. 9456 - 118th Congress (2023-2024) - Protecting American Agriculture from Foreign Adversaries Act of 2024

This bill makes changes to the Committee on Foreign Investment in the United States (CFIUS), including by requiring CFIUS to determine whether a national security review is necessary for reportable agricultural land transactions that are referred by the Department of Agriculture (USDA). (CFIUS oversees the national security risks of certain foreign investment in the United States. CFIUS has the authority to review covered transactions, which include mergers, acquisitions, and takeovers that could result in foreign control of a U.S. business; certain investments in businesses involved in critical technologies, critical infrastructure, or sensitive personal data; and certain real estate transactions.)

Specifically, the bill directs CFIUS to, after receiving notification from USDA, determine (1) whether a reportable agricultural land transaction is a covered transaction, and (2) whether CFIUS should initiate a national security review or take another action with respect to the transaction.

Reportable agricultural land transaction means a transaction (1) that USDA has reason to believe is a covered transaction; (2) that involves the acquisition of an interest in agricultural land by a foreign person of China, North Korea, Russia, or Iran; and (3) with respect to which a foreign person is required to submit a report to USDA regarding their agricultural land transactions.

The bill also expands the membership of CFIUS to include the Secretary of Agriculture on covered transactions that involve agricultural land, agricultural biotechnology, or the agriculture industry (e.g., agricultural transportation, storage, and processing).

Text (3)

Received in Senate

September 12, 2024

Engrossed in House

September 11, 2024

Introduced in House

September 6, 2024

Actions (16)

Show Only Major Actions

09/12/2024

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

09/11/2024

Motion to reconsider laid on the table Agreed to without objection.

09/11/2024

On passage Passed by the Yeas and Nays: 269 - 149 (Roll no. 415).

09/11/2024

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 269 - 149 (Roll no. 415).

09/11/2024

On motion to recommit Failed by the Yeas and Nays: 203 - 213 (Roll no. 414). (CR H5185)

09/11/2024

Considered as unfinished business. (consideration: CR H5185-5186)

09/11/2024

POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 9456, the Chair put the question on the motion to recommit and by voice vote announced that the ayes had prevailed. Mr. Lucas demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

09/11/2024

The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

09/11/2024

Mr. Takano moved to recommit to the Committee on Financial Services.

09/11/2024

The previous question was ordered pursuant to the rule.

09/11/2024

DEBATE - The House proceeded with one hour of debate on H.R. 9456.

09/11/2024

Rule provides for consideration of H.R. 1398, H.R. 1425, H.R. 1516, H.R. 7980, H.R. 9456 and H.R. 9494. The resolution provides for consideration of H.R. 1398, H.R. 1425, and H.R. 1516 under a structured rule and H.R. 7980, H.R. 9456, and H.R. 9494 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each bill.

09/11/2024

Considered under the provisions of rule H. Res. 1430. (consideration: CR H5168-5173)

09/10/2024

Rules Committee Resolution H. Res. 1430 Reported to House. Rule provides for consideration of H.R. 1398, H.R. 1425, H.R. 1516, H.R. 7980, H.R. 9456 and H.R. 9494. The resolution provides for consideration of H.R. 1398, H.R. 1425, and H.R. 1516 under a structured rule and H.R. 7980, H.R. 9456, and H.R. 9494 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each bill.

09/06/2024

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.

09/06/2024

Introduced in House

H.R.9456 118 Protecting American Agriculture from Foreign Adversaries Act of 2024

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Record Updated

Oct 17, 2024 3:52:16 PM