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On Wednesday, U.S. Senators Mike Braun (R-Ind.) and Todd Young (R-Ind.) celebrated the passage of the House version of the Protecting American Agriculture from Foreign Adversaries Act of 2024, led by Representative Dan Newhouse (R-Wash.-04).
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This bill in the Senate was led by Sens. Braun and Tommy Tuberville and was co-sponsored by Sens. Manchin, Cotton, Tester, Marshall, Fetterman, Grassley, Blackburn, Ricketts, Barrasso, Britt, Baldwin, Young, Fischer, Ernst, and Lummis.
The Protecting American Agriculture from Foreign Adversaries Act of 2024 would add the Secretary of Agriculture to the Committee on Foreign Investment in the United States (CFIUS) to add another layer of scrutiny on foreign acquisitions of U.S. farmland and agricultural industries and, specifically, flag farmland purchases by foreign adversaries like China, North Korea, Russia, and Iran for CFIUS. This will add much-needed extra oversight in this process. According to the USDA, over 43.4 million acres of U.S. agricultural land is foreign-owned.
“The Protecting American Agriculture from Foreign Adversaries Act of 2024 has now passed the House, bringing us one step closer to protecting American farmland from foreign adversaries. Now it’s time to pass my bipartisan Senate version,” Sen. Mike Braun said.
This bill is sponsored by the Indiana Farm Bureau, American Farm Bureau, Indiana Soybean Alliance, Indiana Corn Growers Association, and the National Cattleman’s Beef Association.
Click here to read the full text of the bill.