How HR 620 changes current law
FARM Act · United States
How this bill changes current law
9 changesCompared against current U.S. Code AI-generated reading aid — verify against the official bill.
The bill expands the scope of the Defense Production Act to include specific protections for the U.S. agriculture industry against foreign influence.
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50 U.S.C. 4565(k)(2)
(H) The Secretary of Agriculture.
Adds the Secretary of Agriculture as a member of the Committee on Foreign Investment in the United States.
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50 U.S.C. 4565(a)(4)
; and→ ; andModifies the structure of covered transactions to allow for additional categories related to agriculture.
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50 U.S.C. 4565(a)(4)
.→ ; andContinues the list of covered transactions relating to foreign control of U.S. agriculture businesses.
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50 U.S.C. 4565(a)(4)
(iii) any transaction described in subparagraph (B)(vi) that is proposed, pending, or completed on or after the date of the enactment of the Foreign Adversary Risk Management Act.
Defines a new category of 'covered transactions' specifically pertaining to agriculture.
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50 U.S.C. 4565(a)(4)(B)
(vi) 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 (as defined in the first section of the Act of July 2, 1926 (44 Stat. 802, chapter 725; 7 U.S.C. 451)).
Introduces a new type of transaction involving foreign control of U.S. agriculture businesses.
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50 U.S.C. 4565(a)(5)
`critical infrastructure' means→ `critical infrastructure'-- `i) means'Alters the definition format for critical infrastructure.
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50 U.S.C. 4565(a)(5)
.→ ; andExpands the definition of critical infrastructure to include agriculture systems and supply chains.
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50 U.S.C. 4565(a)(5)
(ii) includes, subject to regulations prescribed by the Committee, agricultural systems and supply chains.
Explicitly includes agriculture systems and supply chains in the definition of critical infrastructure.
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50 U.S.C. 4565(a)(6)(A)
(vii) Agricultural supply chains used for agricultural products (as defined in the first section of the Act of July 2, 1926 (44 Stat. 802, chapter 725; 7 U.S.C. 451)).
Recognizes agricultural supply chains as critical technologies under the Defense Production Act.
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https://www.oneclickpolitics.com/bills/114474-hr-620/current-law