PASS Act

This bill stops people or companies acting on behalf of China, Russia, Iran, or North Korea from buying or leasing U.S. farmland near military bases or other national security sites, and from taking control of U.S. agricultural companies. The President can make exceptions on a case-by-case basis if it serves the national interest. The bill also adds the Secretary of Agriculture to the government committee that reviews foreign investments in the U.S., specifically for deals involving farmland, agricultural technology, and the agricultural industry. These rules would take effect after new regulations are created, which must happen within one year of the bill becoming law.

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