118th Congress International Affairs
H.R. 1448: DARE Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Committee on Foreign Investment in the United States (CFIUS) to review certain real estate transactions by foreign governments. (CFIUS is an interagency committee that oversees the national security risk of certain foreign direct investments in the U.S. economy. It may recommend that the President suspend or prohibit certain transactions.)
Under the bill, CFIUS must review the acquisition by a foreign government or an entity acting on its behalf of (1) agricultural land used to grow corn and soybeans for the purpose of renewable energy, or (2) land used for wind turbines or other wind energy production. The transfer of an interest in such land to a foreign government or an entity acting on its behalf is likewise subject to CFIUS review.
The bill also prohibits China, Russia, Iran, and North Korea, as well as persons acting on their behalf, from acquiring any interest in these types of land.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Michael Guest R-MSOriginal
- Clay Higgins R-LAOriginal
- Michael Lawler R-NYOriginal
- Derrick Van Orden R-WIOriginal
- Don Bacon R-NE
- Ronny Jackson R-TX
- Lori Chavez-DeRemer R-OR
- W. Steube R-FL
- Mike Flood R-NE
- Mariannette Miller-Meeks R-IA
- Zachary (Zach) Nunn R-IA
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Other bills by Randy Feenstra
History
- Introduced in the House by Randy Feenstra.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.