Safeguarding American Farms from Foreign Influence Act

HR 5409, the Safeguarding American Farms from Foreign Influence Act, requires the Committee on Foreign Investment (CFIUS) to review certain foreign purchases of U.S. farmland within 30 days. It applies to transactions where a foreign person (not from an exempt country) acquires agricultural land and must be reported under the 1978 Agricultural Foreign Investment Disclosure Act. The Committee must determine if the transaction is "covered" and whether to initiate a full review. This directly affects foreign buyers of U.S. farmland and landowners selling to them. The bill adds a federal review step for specific transactions already subject to reporting, without changing who may legally purchase farmland.