H.R. 5409, Safeguarding American Farms from Foreign Influence Act

November 21, 2023

Cost Estimate

As ordered reported by the House Committee on Financial Services on September 20, 2023

Summary

H.R. 5409 would require the Department of Agriculture (USDA) to notify the Committee on Foreign Investment in the United States (CFIUS) of any agricultural land purchased by a foreign investor that may raise national security concerns. CFIUS, an interagency committee, reviews national security implications of foreign investment in the United States.