,,ii  #aagth ,,congress  #b;d ,session  
,s4 #dghf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #f1    
#bjbb,mr4 ,rounds introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,defense          
,production ,act of #aiej to include the
 ,secretary of ,agriculture on the      
,committee on ,foreign ,investment in   
the ,united ,states and require review  
of certain agricultural transactions1   
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,promoting ,agriculture ,safeguards and 
,security ,act of #bjbb or the ,,pass   
,act of #bjbb4  #b4 ,review of          
agriculture-related transactions by     
,,cfius  7a7 ,in general ,section #gba  
of the ,defense ,production ,act of     
#aiej 7#ej ,u4,s4,c4 #defe7 is amended--
 7#a7 in subsection 7a7-- 7,a7 in       
paragraph 7#d7-- 7i7 in subparagraph    
7,a7-- 7,i7 in clause 7i71 by striking 2

 and and inserting a semicolon2  7,,ii7 
in clause 7ii71 by striking the period  
at the end and inserting 2 and2 and     
7,,iii7 by adding at the end the        
following3  7iii7 any transaction       
described in clause 7vi7 or 7vii7 of    
subparagraph 7,b7 proposed or pending on
 or after the date of the enactment of  
this clause4  2  7ii7 in subparagraph   
7,b71 by adding at the end the          
following3  7vi7 ,any other investment1 
subject to regulations prescribed under 
subparagraphs 7,d7 and 7,e71 by a       
foreign person in any unaffiliated      
,united ,states business that is engaged
 in agriculture or biotechnology related
 to agriculture4  7vii7 ,subject to     
subparagraphs 7,c7 and 7,e71 the        
purchase or lease by1 or a concession   
to1 a foreign person of private real    
estate that is-- 7,i7 located in the    
,united ,states2 and  7,,ii7 used in    
agriculture4  2  7iii7 in subparagraph  
7,c77i71 by striking subparagraph       
7,b77ii7 and inserting clause 7ii7 or   

7vii7 of subparagraph 7,b72  7iv7 in    
subparagraph 7,d7-- 7,i7 in clause 7i71 
by striking subparagraph 7,b77iii7 and  
inserting clauses 7iii7 and 7vi7 of     
subparagraph 7,b72  7,,ii7 in clause    
7iii77,i71 by striking subparagraph     
7,b77iii7 and inserting clauses 7iii7   
and 7vi7 of subparagraph 7,b72  7,,iii7 
in clause 7iv77,i71 by striking         
subparagraph 7,b77iii7 each place it    
appears and inserting clauses 7iii7 and 
7vi7 of subparagraph 7,b72 and  7,,iv7  
in clause 7v71 by striking subparagraph 
7,b77iii7 and inserting clauses 7iii7   
and 7vi7 of subparagraph 7,b72 and  7v7 
in subparagraph 7,e71 by striking       
clauses 7ii7 and 7iii7 and inserting    
clauses 7ii71 7iii71 7iv71 and 7vii72   
and  7,b7 by adding at the end the      
following3  7#ad7 ,agriculture ,the term
 agriculture has the meaning given such 
term in section #c of the ,fair ,labor  
,standards ,act of #aich 7#bi ,u4,s4,c4 
#bjc74  2  7#b7 in subsection 7k77#b7-- 
7,a7 by redesignating subparagraphs     

7,h71 7,i71 and 7,j71 as subparagraphs  
7,i71 7,j71 and 7,k71 respectively2 and 
7,b7 inserting after subparagraph 7,g7  
the following new subparagraph3  7,h7   
,the ,secretary of ,agriculture4  2 and 
7#c7 by adding at the end the following3
  7r7 ,prohibition with respect to      
agricultural companies and real estate  
7#a7 ,in general ,notwithstanding any   
other provision of this section1 if the 
,committee1 in conducting a review and  
investigation under this section1       
determines that a transaction described 
in clause 7i71 7vi71 or 7vii7 of        
subsection 7a77#d77;,b7 would result in 
control by a covered foreign person of  
or investment by a covered foreign      
person in a ,united ,states business    
engaged in agriculture or private real  
estate used in agriculture1 the         
,president shall prohibit such          
transaction4  7#b7 ,waiver ,the         
,president may waive1 on a case-by-case 
basis1 the requirement to prohibit a    
transaction under paragraph 7#a71 not   

less than #cj days after the ,president 
determines and reports to the relevant  
committees of jurisdiction that it is   
vital to the national security interests
 of the ,united ,states to waive such   
prohibition4  7#c7 ,defined terms ,in   
this subsection3 7,a7 ,covered foreign  
person ,the term covered foreign person 
means a person that is-- 7i7 acting on  
behalf of or otherwise directed by the  
government of a prohibited country2     
7ii7 a citizen of a prohibited country2 
7iii7 an entity that-- 7,i7 is          
registered or organized in a prohibited 
country2 or  7,,ii7 has a principal     
place of business in a prohibited       
country2 or  7iv7 a subsidiary of an    
entity described in clause 7iii74  7,b7 
,prohibited country ,the term prohibited
 country means any of the following3 7i7
 ,the ,people's ,republic of ,china4    
7ii7 ,the ,russian ,federation4  7iii7  
,the ,islamic ,republic of ,iran4  7iv7 
,the ,democratic ,people's ,republic of 
,korea4  4  7b7 ,report required ,not   

later than #ahj days after the date of  
the enactment of this ,act1 and every   
#ahj days thereafter1 the ,secretary of 
,agriculture shall submit to the        
,committee on ,agriculture of the ,house
 of ,representatives and the ,committee 
on ,agriculture1 ,nutrition1 and        
,forestry of the ,senate a report on the
 risks that foreign purchases of ,united
 ,states businesses engaged in          
agriculture 7as such term is defined in 
section #c of the ,fair ,labor          
,standards ,act of #aich 7#bi ,u4,s4,c4 
#bjc77 pose to the agricultural sector  
of the ,united ,states4