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Defense Production Act of 1950

A U.S. federal law that gives the President broad authority to manage domestic industries during times of war or national emergency, including the power to prioritize certain contracts and control resource allocation. This bill amends a section related to foreign investment reviews.

Committee on Foreign Investment in the United States (CFIUS)

An inter-agency committee of the U.S. government that reviews certain foreign investments in the United States for national security concerns. It is chaired by the Secretary of the Treasury.

Covered transaction

A specific type of transaction, typically a foreign investment in a U.S. business, that falls under CFIUS's jurisdiction and requires review for potential national security risks.

Agricultural land

Land used for farming, ranching, or other agricultural purposes.

Agricultural biotechnology

The use of scientific tools and techniques, including genetic engineering and molecular markers, to modify plants, animals, and microorganisms for agricultural use.

Foreign person

An individual or entity that is not a U.S. citizen or permanent resident, or is controlled by a foreign government or entity.