WASHINGTON— Wednesday, Senator Braun celebrated the passage of the House version of the Protecting American Agriculture from Foreign Adversaries Act of 2024, led by Representative Newhouse. Senator Mike Braun and Tommy Tuberville led this bill in the Senate. It was co-sponsored by Sen. Manchin, Sen. Cotton, Sen. Tester, Sen. Marshall, Sen. Fetterman, Sen. Grassley, Sen. Blackburn, Sen. Ricketts, Sen. Barrasso, Sen. Britt, Sen. Baldwin, Sen. Young, Sen. Fischer, Sen. Ernst, and Sen. 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 to 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,” said Senator Mike Braun.
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.
