Requires the foreign investment security panel to assess farmland deals referred by USDA

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

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This bill would change how the Committee on Foreign Investment in the United States, an interagency panel that reviews certain foreign investments for national security risks, handles purchases of U.S. farmland.^2,3 When the Department of Agriculture refers a reportable farmland purchase by a person from China, North Korea, Russia or Iran that it believes may fall under the panel's authority, the panel would have to decide whether it does and whether to open a national security review or take other action.² It would also add the secretary of agriculture to the panel for cases involving farmland, agricultural biotechnology or the farm industry, such as agricultural transportation, storage and processing.²

§2Status

§3How Congress voted

Why this matters: The official count.