Sec. 3. Protecting U.S. food security
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Section 721(f) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(f) ) is amended— in paragraph (10), by striking and at the end; by redesignating paragraph
(11)as paragraph (12); and by inserting after paragraph
(10)the following: the current and long-term projection of the requirements for sources of food, water, and other agricultural products in the United States in the aggregate, as well as locally and regionally, and the effects a covered transaction may have on United States food security, including through foreign adversary acquisition of biotechnology related to agriculture; and . Section 721(a)(4) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(a)(4) ) is amended— in subparagraph (B)(ii)— in subclause (II)— by striking (II)(aa) is and inserting the following:
(II)with respect to a purchase or lease by, or a concession to, a person who is not a foreign adversary entity— is ; and by adjusting the margin of item
(bb)accordingly; and in item (bb)(CC), by striking ; and and inserting a period; and by striking subclause (III); and in subparagraph (C), by adding at the end the following: The Committee may not, by regulation or otherwise, specify additional criteria that must be met for a transaction to be described under subparagraph (B)(ii). . Section 721(b)(1)(C)(v)(IV) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(b)(1)(C)(v)(IV) ) is amended by adding at the end the following: Notwithstanding item (dd), the parties to an elevated risk real estate transaction shall submit a declaration described in subclause
(I)with respect to the transaction. .
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Sec. 3
Protecting U.S. food security
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